This Bitcoin Metric Foreshadowed Recent Price Drops, Quant Reveals

A quant has pointed out how a Bitcoin metric may have detected selling pressure in the market, and therefore, the subsequent price drops, in advance.
Bitcoin CDD Registered Spikes Before Recent Price Plunges
In a new post on X, an analyst has discussed about how the Coin Days Destroyed (CDD) on-chain indicator may be used to identify selling pressure in the market early.
A “coin day” refers to the quantity that 1 BTC accumulates after staying still on the blockchain for 1 day. When a