Bitcoin: Should BTC holders prep for pre-halving correction?

Coin Days Destroyed has hit a five-year high, according to data from CryptoQuant. Maartunn, an author of the on-chain analytic platform, also discussed this in a recent piece.

Historically, when the CDD hits a peak on the 60-day Moving Average , it means that long-term holders are distributing their coins.“This pattern indicates that during the bullish phase, there is a distribution of older coins. In historical contexts, it may take up to 5 months for Bitcoin to reach its peak.”At press time, BTC changed hands at 69,663, indicating that the coin has been moving sideways in the last 24 hours.

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