Bitcoin’s dual CDD (Coin Days Destroyed) metric showing a positive trend suggests that investors who have held onto their cryptocurrencies for an extended period are not actively trading. This indicates a high level of confidence in the potential for future price growth, as these long-term holders anticipate an increase in valuations. Furthermore, the rise in Bitcoin’s funding rate indicates that traders holding long positions outnumber those holding short positions, further bolstering the optimistic outlook in the market.
