Bitcoin Long-Term Holder Dumping May Have Been Behind Revisit Below $19k

On-chain data shows selling from Bitcoin long-term holders may have been behind the recent dip in the crypto’s price below $19k.
Bitcoin Exchange Inflow CDD Has Recently Observed A Sharp Increase
As pointed out by an analyst in a CryptoQuant post, there has been some possible selling pressure coming from the long-term holders recently.
The relevant indicator here is the Bitcoin “Coin Days Destroyed” (CDD). A coin day is defined as the amount accumulated by exactly 1 BTC when si