Bitcoin’s HODLers Are Clinging to Their Coins Like a Cat to a Scratch Post – What’s Up? 😼

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Well, slap my wallet and call me a hodler! As the week kicks off with all the enthusiasm of a Monday morning, Bitcoin-the digital gold that’s more volatile than a toddler on a sugar high-has nudged itself back above the $111,000 mark. 🤑 And while the price action has been about as steady as a three-legged camel, some on-chain metrics are starting to look as bullish as a rodeo clown at a stampede. Could this be the calm before the next crypto hurricane? 🌪️

HODLers Are Holding On Tighter Than a Miser to a Penny

Bitcoin’s price may be wobblier than a Jenga tower after a few too many, but the on-chain data is telling a different story. The Coin Days Destroyed (CDD) metric-which, let’s be honest, sounds like something a cryptographer dreamed up after too much coffee-has taken a nosedive. 📉 This means our seasoned crypto veterans are clutching their coins like they’re the last slice of pizza at a party. 🍕

Darkfost, a market guru with a penchant for charts and a Twitter account, recently pointed out this CDD decline. Apparently, fewer coins are being moved, which is crypto-speak for “nobody’s selling.” Or, as I like to think of it, everyone’s too scared to let go of their digital treasure. 🏴‍☠️

Now, CDD isn’t just a fancy acronym-it’s a crystal ball for long-term holder activity. It tracks how long coins have been sitting pretty before they’re moved, giving us a sneak peek at potential selling pressure. When the big fish start swimming, it’s usually because they’re heading to the market with a “For Sale” sign. 🏷️

Bitcoin CDD Chart from Darkfost

According to Darkfost, the long-term holders have finally decided to take a nap. 🛌 Historically, this kind of lull has been the prelude to a market rally, like the quiet before the crowd goes wild at a rock concert. So, could this be the calm before Bitcoin’s next moon mission? 🚀

After hitting a monthly high of nearly 1.3 million BTC, the CDD metric has halved to around 650,000 BTC. That’s right, folks-it’s back below the yearly average, which is still higher than a giraffe’s blood pressure. 🦒

Long-Term Holders Are Looking a Bit Peaky

But wait, there’s more! Darkfost has also spotted some trouble brewing in the Long-Term Holders Spent Output Profit Ratio (SOPR) department. Apparently, these hodlers are showing signs of fatigue, like marathon runners hitting the wall at mile 20. 🏃‍♂️💨

The SOPR, which basically tells us whether coins are being sold at a profit or a loss, is currently sitting at 1.26-its lowest since February 2024. That’s like finding out your favorite coffee shop ran out of espresso. ☕️ The monthly average has also taken a hit, dropping to 1.70, which means profits are down 70% from their peak. Ouch. 😬

Darkfost notes that this drop suggests less selling pressure from long-term holders. But don’t get too comfy-these crypto whales still hold the keys to the kingdom, so their every move is worth watching. 🐳

Bitcoin SOPR Chart

So, what’s the takeaway? Bitcoin’s hodlers are holding on for dear life, and the metrics are hinting at a potential rebound. But as always in the crypto world, nothing’s certain except volatility and the occasional meme-worthy moment. Stay tuned, folks-this rollercoaster isn’t over yet! 🎢

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2025-09-29 15:55