Whales Are Moving: Bitcoin Sees Massive Transfers From Long-Term Holders

In Brief:

Coin Days Destroyed (CDD) spikes signal long-term holders are offloading BTC.

Despite this, ETF demand remains strong, and the uptrend is likely to continue.

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CryptoQuant analyst Axel Adler Jr reports that Bitcoin long-term holders are actively transferring coins, with key metrics like monthly CDD and annual CDD ratio nearing levels last seen in 2014 and the 2019 pullback. These data suggest that seasoned investors are taking profits between the $106K–$118K range.

Coin Days Destroyed (CDD), which tracks how long coins have remained unmoved, has surged—indicating a large-scale distribution phase by long-term wallets.

However, despite this activity, institutional interest and spot ETF inflows remain high, supporting the notion that while Bitcoin’s rally may slow, it is not yet over.

This phase may signal a healthy cooling period, rather than a full market reversal.

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