CVDD, historically the most accurate Bitcoin bottom metric, is sitting at $52.7K right now! Alphractal's Cumulative Value Days Destroyed shows BTC ($72.5K) still 37.7% above it. A full retest would mean a ~27% drop from here. Every major bottom met it: 🔴 Jan 2015: low $152 vs CVDD $168 (~9% below) 🔴 Dec 2018: low $3,122 vs CVDD $3,060 (~2% above) 🔴 Mar 2020: low $3,850 vs CVDD $4,280 (~10% below) 🔴 Nov 2022: low $15,479 vs CVDD $15,900 (~3% below) So is this time different, or is it just a matter of time? Keep in mind CVDD isn't a fixed line. It's dynamic and moves every day with on-chain activity, as old coins change hands. The longer the market drifts, the higher it climbs toward price. Data > Narratives
Joao WedsonShare
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