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Data: BTC VDD Multiple Maintains Low Levels, Bitcoin Still in Accumulation Range
Summary: According to reports from glassnode, the VDD multiple of Bitcoin (BTC) continues to remain at low levels, indicating that the market is still in the accumulation phase. The current market conditions reflect limited spending by long-term holders and minimal distribution pressure, which is seen as a positive signal. glassnode points out that the market is ...
According to reports from glassnode, the VDD multiple of Bitcoin (BTC) continues to remain at low levels, indicating that the market is still in the accumulation phase. The current market conditions reflect limited spending by long-term holders and minimal distribution pressure, which is seen as a positive signal. glassnode points out that the market is digesting previous price increases in a 'structural constructive manner,' a pattern typically viewed as healthy market behavior. PS: The VDD multiple (Value Days Destroyed Multiple) is an important on-chain indicator for Bitcoin, used to measure the ratio of short-term spending speed to the long-term average level. This indicator helps investors understand market behavior and potential trends.
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Link: Data: BTC VDD Multiple Maintains Low Levels, Bitcoin Still in Accumulation Range [Copy]
