Odaily Planet Daily News reports that the latest glassnode report shows that the VDD (Value Days Destroyed) multiple for Bitcoin (BTC) continues to stay in the low range, indicating that the market is still in the accumulation phase. The current market condition reflects limited spending by long-term holders and low distribution pressure, which is seen as a positive signal. glassnode points out that the market is digesting previous price gains in a “structurally constructive manner,” a pattern often regarded as healthy market behavior.
PS: The VDD (Value Days Destroyed Multiple) is an important on-chain Bitcoin indicator used to measure the ratio of short-term spending velocity to long-term average levels. This metric helps investors understand market behavior and potential trends.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Traders assign 53% odds BTC under $66K by Apr 24
Bitcoin traded lower into Friday, sliding to around $65,530 after Thursday’s peak near $71,300 and erasing roughly $210 million in leveraged long exposure as the market faced an about $18.6 billion monthly options expiry. The Deribit options market priced in a bearish tilt, placing a 53%
CryptoBreaking49m ago
What If Bitcoin Everlight Shards Unlock Your BTC Earnings Today?
There’s a specific type of crypto participant who doesn’t chase price charts. They look for infrastructure. They look for systems that generate Bitcoin — not promises of Bitcoin, not tokens that might convert to Bitcoin someday — but actual BTC, flowing from real network activity.
That participan
CryptoPotato1h ago
US recession odds near 50%: Can Bitcoin copy 2020 comeback gains?
Bitcoin (BTC) faces a new macro test as markets increasingly bet on the US entering recession in 2026.
Key points:
Bitcoin could face a new challenge in the form of its first recession after the COVID-19 crash.
US recession odds surge as BlackRock CEO Larry Fink warns over oil
Cointelegraph1h ago
