What To Know?
- Bitcoin drops 5% in seven days, trades near $109K.
- CDD Multiple shows reduced selling pressure from long-term holders.
- Bearish rising wedge hints BTC could fall to $94K or $78K.
Bitcoin (BTC) has taken a blow of late as its price has once again crashed below $110k. However, people who have been HODLing Bitcoin for a long period are showing immense confidence in the king of crypto. Will this sport from Long-term Holder translate into a fresh price uptrend in the near future? Let’s look into BTC’s fundamentals to find out more about this.
LTHs Show Confidence in BTC
The recent price action has proven to be underwhelming for Bitcoin, with the eminent cryptocurrency shedding around 5% of its value within the past seven days and currently trading near the $109,000 territory. The short-term traders woke up to a negative price movement, but LTHs appear unshaken.
Alphractal, the popular on-chain analytics platform, has just released an update indicating a significant decrease in the selling pressure from LTHs, as explained by Bitcoin’s CDD (Coin Days Destroyed) Multiple. In general terms, the CDD Multiple is an important calculation that compares on-chain activity with its historical averages. This means that it tracks how many “coin days” are destroyed when some older coins move, giving some hint as to what the LTHs are doing. Usually, the very selling by LTHs brings significant selling pressure to the market. The modern phase, however, spells out quite a different story.
Bitcoin – CDD Multiple Shows Lower Selling Pressure from Long-Term Holders
The CDD Multiple indicator measures the intensity of on-chain spending relative to its historical average, highlighting the behavior of Long-Term Holders (LTHs).
It evaluates how many “coin days” are… pic.twitter.com/nLnrlN6VoU— Alphractal (@Alphractal) September 27, 2025
The rate at which long-term holders have been moving older-generation coins has practically come to a grinding halt over the past few months when compared to that of 2024. While this volatility is taking place, mature investors seem more and more unwilling to part with their BTC holdings. Traditionally, any such drop in coin day destruction has been known to translate into a period of accumulation or market stalemate, either of which generally precedes bullish movements.
With Bitcoin still sideways and consolidating around the $109K level, such a sharp avalanche in CDD activity marks a crucial shift in investor mindset. Many seasoned holders appear to be demonstrating patience now as opposed to just surrendering, opting to sit on their holdings waiting for better bullish cues. This type of behavior has historically been a fairly reliable indicator toward the very early stages of recovery or build-up to a larger market rally, suggesting per long-term conviction that the Bitcoin market remained still strong irrespective of short-term distress.
There Might Be Trouble Soon…
Though the faith long-term holders have is a hopeful sign, CryptoMoonPress’ weekly charting of Bitcoin clearly points out a pattern worthy of caution. We have found that BTC has been trading in an ascending bearish wedge pattern, one which first began to shape up in November 2024.
Thereafter, it basically consolidated within that wedge while recording higher highs and higher lows; however, the strength was never there for it to break out on the upside. Typically, rising wedge formations signal the exhaustion of bullish momentum and hence end up breaking down. A breakdown, if this formation of Bitcoin attempts to do what it is meant for, may open the gates to price correction in the near future.
Should BTC confirm the bearish breakout from the wedge, then the first major target can be regarded at approximately $94,000. This zone has earlier served as a substantially strong support during previous pullbacks. The drop might include more if sellers intensify their pressure on price with worsening overall market conditions. Failure to hold above $94K might open the door for BTC pullback towards the $78,000 mark by Q4-2025, which would be one of its sharpest corrections since the last cycle.
Such a scenario shall surely unsettle short-term traders and speculative investors to some extents; meanwhile, long-term holders might see this as a chance to build their portfolios on the cheap. Hence, in this case, the wedge pattern of Bitcoin is a two-edged sword as the fundamentals and on-chain signals suggest resilience, while at its technical underpinning, it signals oncoming volatility. Traders and investors alike might now have to prepare for a heavy dose of uncertainty as this pattern nears resolution.
