Bitcoin’s on-chain metric called Binary Coin Days Destroyed (Binary CDD) is climbing again. Binary CDD measures the moment when the coins that have not moved for a long time start moving. When long-term holders are holding Bitcoin, Binary CDD remains low. If this number goes through the roof, it is usually an indication that these holders are waking up and they might sell their coins. Binary CDD Rising“Binary CDD is rising again alongside Bitcoin’s price rebound and is now hovering around the 0.6 level. If it continues upward and surpasses 0.8, it may signal that long-term holders are preparing to realize profits.” – By @avocado_onchain pic.twitter.com/5c1UKxV5ng — CryptoQuant.com (@cryptoquant_com) May 15, 2025 Bitcoin Binary CDD Explained Binary CDD keeps the number of days it takes each coin to remain in a static position until someone actually moves it. When coins shift after a long nap, the metric ends up being very high. In past bull runs, the price of Bitcoin skyrocketed, and Binary CDD exceeded 0.8. This was the case in the latter part of the year 2021 and later in 2024, in March and again in December, when the coin set new all-time highs. Those spikes indicated that the long-term holders were either selling or passing coins to the new investors. Nowadays, Binary CDD is close to 0.6, and the price of Bitcoin is also recovering. A rising Binary CDD with price can show that long-term holders are going to cash in. If Binary CDD crosses the significant value of 0.8 again, then it might mean that the wash of old coins will be poured into the market for sale. Why Bitcoin Binary CDD Matters Viewing Binary CDD will enable the traders to identify shifts in supply. Once long-term holders start to sell, they inject more coins into the market, which may decelerate the coin’s price. However, if the binary CDD remains low when the price breaks up, it indicates the holder’s confidence. They prefer to retain their coins and not sell them. Investors should utilize a 30-day moving average of the Binary CDD. An ongoing break above 0.8 would be a clear indication that long-term holders are returning to the market. This could cause the price to fluctuate wildly or drop. If by any chance Binary CDD remains below 0.8, this implies that the holders still believe in Bitcoin, and thus, the price rally might not end. Next Steps for Bitcoin Investors In the following weeks, the aggregation of Binary CDD with other chain metrics, such as active addresses and transfer volume, can form a comprehensive picture of the trend of Bitcoin. By observing these signals together, traders and investors can make smarter decisions. They will be better prepared for the next turn in Bitcoin’s market cycle.