{"id":533791,"date":"2023-05-18T18:00:22","date_gmt":"2023-05-18T18:00:22","guid":{"rendered":"https:\/\/shenyangcang.com\/?p=533791"},"modified":"2024-06-11T07:23:39","modified_gmt":"2024-06-11T07:23:39","slug":"bitcoin-binary-cdd-stays-low-heres-what-this-means","status":"publish","type":"post","link":"https:\/\/shenyangcang.com\/news\/bitcoin-binary-cdd-stays-low-heres-what-this-means\/","title":{"rendered":"Bitcoin Binary CDD Stays Low, Here’s What This Means"},"content":{"rendered":"

On-chain data shows the Bitcoin Binary Coin Days Destroyed (CDD) has stayed low recently. Here’s what this says about the current market.<\/p>\n

Bitcoin Binary CDD Has Remained At Very Low Levels Recently<\/h2>\n

According to data from the on-chain analytics firm Glassnode<\/a>, this indicator attained high values during the 2021 bull run. To understand the CDD<\/a> metric, the concept of “coin days” needs to be looked at first.<\/p>\n

Whenever 1 BTC stays stationary on the blockchain for 1 day, it accumulates 1 “coin day.” If a coin that has remained unmoved on the network for a while, meaning that it has accumulated a certain number of coin days, is now suddenly transferred, its coin days counter would naturally reset back to zero.<\/p>\n

The coin days it had previously been carrying are said to be “destroyed.” The CDD indicator measures the total number of coin days being reset throughout the network on any given day.<\/p>\n

When this indicator has a high value, it implies that a large number of coin days are being reset in the market currently. Generally, this kind of trend is a sign of movement from the “long-term holders<\/a>” (LTHs).<\/p>\n

This group includes investors that have been holding their BTC since at least 155 days ago, so these holders tend to accumulate large numbers of coin days. Because of this reason, whenever they make transfers, the CDD registers a spike.<\/p>\n

In the context of the current discussion, the CDD itself isn’t of interest, but a modified version of it called the Binary CDD<\/a> is. This indicator basically tells us how the CDD currently compares with the historical average value of the metric.<\/p>\n

As is already obvious from its name, this indicator can only attain two values: 0 and 1. It has a value of 0 if the CDD is below the historical average, while it’s 1 when the metric is above it.<\/p>\n

Related Reading: Dogecoin, Shiba Inu Whales Move Massive Amounts, Dumping Going On?<\/a><\/div>\n

Now, here is a chart that shows the trend in the 7-day average Bitcoin Binary CDD over the last few years:<\/p>\n

\"Bitcoin<\/p>\n

The value of the metric seems to have been low in recent days | Source: Glassnode on Twitter<\/a><\/pre>\n
As shown in the above graph, the 7-day average Bitcoin Binary CDD has had a pretty low value for a while now. This suggests that there hasn’t been any significant destruction of coin days in the market recently.<\/p>\n
Naturally, this means that the LTHs haven’t been making any moves out of the ordinary, despite the price observing a notable increase during the last few months.<\/p>\n
Related Reading: Bitcoin Bullish Signal: Whales Accumulate 84,897 BTC<\/a><\/div>\n
The LTHs are generally the most resolute bunch in the market, so transfers from them can have significant implications for the sector since they are a sign that even these holders may have been forced to sell.<\/p>\n
The Bitcoin bull run during the first half of 2021 saw the 7-day average Binary CDD stay near 1, implying that the LTHs had been selling in full force. As this hasn’t been the case in the rally so far, it appears that the current profits aren’t enough to move these diamond hands, and they are likely expecting better opportunities later on.<\/p>\n
These investors continuing to hold such a bullish conviction can be constructive for the price in the long term.<\/p>\n
BTC Price<\/h2>\n
At the time of writing, Bitcoin is trading around $27,300, down 1% in the last week.<\/p>\n
\"Bitcoin<\/p>\n
The asset continues to consolidate | Source: BTCUSD on TradingView<\/a><\/pre>\n
Featured image from Jievani Weerasinghe on Unsplash.com, charts from TradingView.com, Glassnode.com<\/div>\n","protected":false},"excerpt":{"rendered":"
On-chain data shows the Bitcoin Binary Coin Days Destroyed (CDD) has stayed low recently. Here’s what this says about the current market. Bitcoin Binary CDD Has Remained At Very Low Levels Recently According to data from the on-chain analytics firm Glassnode, this indicator attained high values during the 2021 bull run. To understand the CDD metric, the concept of “coin days” needs to be looked at first. Whenever 1 BTC stays stationary on the blockchain for 1 day, it accumulates 1 “coin day.” If a coin that has remained unmoved on the network for a while, meaning that it has accumulated a certain number of coin days, is now suddenly transferred, its coin days counter would naturally reset back to zero. The coin days it had previously been carrying are said to be “destroyed.” The CDD indicator measures the total number of coin days being reset throughout the network on any given day. When this indicator has a high value, it implies that a large number of coin days are being reset in the market currently. Generally, this kind of trend is a sign of movement from the “long-term holders” (LTHs). This group includes investors that have been holding their BTC since at least 155 days ago, so these holders tend to accumulate large numbers of coin days. Because of this reason, whenever they make transfers, the CDD registers a spike. In the context of the current discussion, the CDD itself isn’t of interest, but a modified version of it called the Binary CDD is. This indicator basically tells us how the CDD currently compares with the historical average value of the metric. As is already obvious from its name, this indicator can only attain two values: 0 and 1. It has a value of 0 if the CDD is below the historical average, while it’s 1 when the metric is above it. Related Reading: Dogecoin, Shiba Inu Whales Move Massive Amounts, Dumping Going On? Now, here is a chart that shows the trend in the 7-day average Bitcoin Binary CDD over the last few years: The value of the metric seems to have been low in recent days | Source: Glassnode on Twitter As shown in the above graph, the 7-day average Bitcoin Binary CDD has had a pretty low value for a while now. This suggests that there hasn’t been any significant destruction of coin days in the market recently. Naturally, this means that the LTHs haven’t been making any moves out of the ordinary, despite the price observing a notable increase during the last few months. Related Reading: Bitcoin Bullish Signal: Whales Accumulate 84,897 BTC The LTHs are generally the most resolute bunch in the market, so transfers from them can have significant implications for the sector since they are a sign that even these holders may have been forced to sell. The Bitcoin bull run during the first half of 2021 saw the 7-day average Binary CDD stay near 1, implying that the LTHs had been selling in full force. As this hasn’t been the case in the rally so far, it appears that the current profits aren’t enough to move these diamond hands, and they are likely expecting better opportunities later on. These investors continuing to hold such a bullish conviction can be constructive for the price in the long term. BTC Price At the time of writing, Bitcoin is trading around $27,300, down 1% in the last week. The asset continues to consolidate | Source: BTCUSD on TradingView Featured image from Jievani Weerasinghe on Unsplash.com, charts from TradingView.com, Glassnode.com<\/p>\n","protected":false},"author":542,"featured_media":533817,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,87426,86991,1119,1144],"class_list":["post-533791","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-binary-cdd","tag-bitcoin-coin-days-destroyed","tag-btc","tag-btcusd"],"acf":[],"yoast_head":"\nBitcoin Binary CDD Stays Low, Here's What This Means<\/title>\n<meta name=\"description\" content=\"On-chain data shows the Bitcoin Binary Coin Days Destroyed (CDD) has stayed low recently. Here's what this says about the current market.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/shenyangcang.com\/news\/bitcoin-binary-cdd-stays-low-heres-what-this-means\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Binary CDD Stays Low, Here's What This Means\" \/>\n<meta property=\"og:description\" content=\"On-chain data shows the Bitcoin Binary Coin Days Destroyed (CDD) has stayed low recently. Here's what this says about the current market.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/shenyangcang.com\/news\/bitcoin-binary-cdd-stays-low-heres-what-this-means\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-18T18:00:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T07:23:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/05\/jievani-weerasinghe-NHRM1u4GD_A-unsplash-scaled.jpg?fit=2560%2C1570\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1570\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Keshav Verma\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/keshavvarma29\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Keshav Verma\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/shenyangcang.com\/news\/bitcoin-binary-cdd-stays-low-heres-what-this-means\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/shenyangcang.com\/news\/bitcoin-binary-cdd-stays-low-heres-what-this-means\/\"},\"author\":{\"name\":\"Keshav Verma\",\"@id\":\"https:\/\/shenyangcang.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6\"},\"headline\":\"Bitcoin Binary CDD Stays Low, Here’s What This Means\",\"datePublished\":\"2023-05-18T18:00:22+00:00\",\"dateModified\":\"2024-06-11T07:23:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/shenyangcang.com\/news\/bitcoin-binary-cdd-stays-low-heres-what-this-means\/\"},\"wordCount\":573,\"publisher\":{\"@id\":\"https:\/\/shenyangcang.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/shenyangcang.com\/news\/bitcoin-binary-cdd-stays-low-heres-what-this-means\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/05\/jievani-weerasinghe-NHRM1u4GD_A-unsplash-scaled.jpg?fit=2560%2C1570\",\"keywords\":[\"bitcoin\",\"Bitcoin Binary CDD\",\"Bitcoin Coin Days Destroyed\",\"btc\",\"btcusd\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/shenyangcang.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/shenyangcang.com\/news\/bitcoin-binary-cdd-stays-low-heres-what-this-means\/\",\"url\":\"https:\/\/shenyangcang.com\/news\/bitcoin-binary-cdd-stays-low-heres-what-this-means\/\",\"name\":\"Bitcoin Binary CDD Stays Low, Here's What This Means\",\"isPartOf\":{\"@id\":\"https:\/\/shenyangcang.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/shenyangcang.com\/news\/bitcoin-binary-cdd-stays-low-heres-what-this-means\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/shenyangcang.com\/news\/bitcoin-binary-cdd-stays-low-heres-what-this-means\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/05\/jievani-weerasinghe-NHRM1u4GD_A-unsplash-scaled.jpg?fit=2560%2C1570\",\"datePublished\":\"2023-05-18T18:00:22+00:00\",\"dateModified\":\"2024-06-11T07:23:39+00:00\",\"description\":\"On-chain data shows the Bitcoin Binary Coin Days Destroyed (CDD) has stayed low recently. Here's what this says about the current market.\",\"breadcrumb\":{\"@id\":\"https:\/\/shenyangcang.com\/news\/bitcoin-binary-cdd-stays-low-heres-what-this-means\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/shenyangcang.com\/news\/bitcoin-binary-cdd-stays-low-heres-what-this-means\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/shenyangcang.com\/news\/bitcoin-binary-cdd-stays-low-heres-what-this-means\/#primaryimage\",\"url\":\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/05\/jievani-weerasinghe-NHRM1u4GD_A-unsplash-scaled.jpg?fit=2560%2C1570\",\"contentUrl\":\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/05\/jievani-weerasinghe-NHRM1u4GD_A-unsplash-scaled.jpg?fit=2560%2C1570\",\"width\":2560,\"height\":1570,\"caption\":\"Bitcoin\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/shenyangcang.com\/news\/bitcoin-binary-cdd-stays-low-heres-what-this-means\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/shenyangcang.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Binary CDD Stays Low, Here’s What This Means\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/shenyangcang.com\/#website\",\"url\":\"https:\/\/shenyangcang.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/shenyangcang.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/shenyangcang.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/shenyangcang.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/shenyangcang.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/shenyangcang.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/shenyangcang.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/shenyangcang.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6\",\"name\":\"Keshav Verma\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/shenyangcang.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g\",\"caption\":\"Keshav Verma\"},\"description\":\"Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/keshavverma29\/\",\"https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29\"],\"url\":\"https:\/\/shenyangcang.com\/author\/hououinkyouma29\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin Binary CDD Stays Low, Here's What This Means","description":"On-chain data shows the Bitcoin Binary Coin Days Destroyed (CDD) has stayed low recently. Here's what this says about the current market.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/shenyangcang.com\/news\/bitcoin-binary-cdd-stays-low-heres-what-this-means\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Binary CDD Stays Low, Here's What This Means","og_description":"On-chain data shows the Bitcoin Binary Coin Days Destroyed (CDD) has stayed low recently. Here's what this says about the current market.","og_url":"https:\/\/shenyangcang.com\/news\/bitcoin-binary-cdd-stays-low-heres-what-this-means\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2023-05-18T18:00:22+00:00","article_modified_time":"2024-06-11T07:23:39+00:00","og_image":[{"width":2560,"height":1570,"url":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/05\/jievani-weerasinghe-NHRM1u4GD_A-unsplash-scaled.jpg?fit=2560%2C1570","type":"image\/jpeg"}],"author":"Keshav Verma","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/keshavvarma29","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Keshav Verma","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/shenyangcang.com\/news\/bitcoin-binary-cdd-stays-low-heres-what-this-means\/#article","isPartOf":{"@id":"https:\/\/shenyangcang.com\/news\/bitcoin-binary-cdd-stays-low-heres-what-this-means\/"},"author":{"name":"Keshav Verma","@id":"https:\/\/shenyangcang.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6"},"headline":"Bitcoin Binary CDD Stays Low, Here’s What This Means","datePublished":"2023-05-18T18:00:22+00:00","dateModified":"2024-06-11T07:23:39+00:00","mainEntityOfPage":{"@id":"https:\/\/shenyangcang.com\/news\/bitcoin-binary-cdd-stays-low-heres-what-this-means\/"},"wordCount":573,"publisher":{"@id":"https:\/\/shenyangcang.com\/#organization"},"image":{"@id":"https:\/\/shenyangcang.com\/news\/bitcoin-binary-cdd-stays-low-heres-what-this-means\/#primaryimage"},"thumbnailUrl":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/05\/jievani-weerasinghe-NHRM1u4GD_A-unsplash-scaled.jpg?fit=2560%2C1570","keywords":["bitcoin","Bitcoin Binary CDD","Bitcoin Coin Days Destroyed","btc","btcusd"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/shenyangcang.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/shenyangcang.com\/news\/bitcoin-binary-cdd-stays-low-heres-what-this-means\/","url":"https:\/\/shenyangcang.com\/news\/bitcoin-binary-cdd-stays-low-heres-what-this-means\/","name":"Bitcoin Binary CDD Stays Low, Here's What This Means","isPartOf":{"@id":"https:\/\/shenyangcang.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/shenyangcang.com\/news\/bitcoin-binary-cdd-stays-low-heres-what-this-means\/#primaryimage"},"image":{"@id":"https:\/\/shenyangcang.com\/news\/bitcoin-binary-cdd-stays-low-heres-what-this-means\/#primaryimage"},"thumbnailUrl":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/05\/jievani-weerasinghe-NHRM1u4GD_A-unsplash-scaled.jpg?fit=2560%2C1570","datePublished":"2023-05-18T18:00:22+00:00","dateModified":"2024-06-11T07:23:39+00:00","description":"On-chain data shows the Bitcoin Binary Coin Days Destroyed (CDD) has stayed low recently. Here's what this says about the current market.","breadcrumb":{"@id":"https:\/\/shenyangcang.com\/news\/bitcoin-binary-cdd-stays-low-heres-what-this-means\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/shenyangcang.com\/news\/bitcoin-binary-cdd-stays-low-heres-what-this-means\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/shenyangcang.com\/news\/bitcoin-binary-cdd-stays-low-heres-what-this-means\/#primaryimage","url":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/05\/jievani-weerasinghe-NHRM1u4GD_A-unsplash-scaled.jpg?fit=2560%2C1570","contentUrl":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/05\/jievani-weerasinghe-NHRM1u4GD_A-unsplash-scaled.jpg?fit=2560%2C1570","width":2560,"height":1570,"caption":"Bitcoin"},{"@type":"BreadcrumbList","@id":"https:\/\/shenyangcang.com\/news\/bitcoin-binary-cdd-stays-low-heres-what-this-means\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/shenyangcang.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin Binary CDD Stays Low, Here’s What This Means"}]},{"@type":"WebSite","@id":"https:\/\/shenyangcang.com\/#website","url":"https:\/\/shenyangcang.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/shenyangcang.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/shenyangcang.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/shenyangcang.com\/#organization","name":"NewsBTC","url":"https:\/\/shenyangcang.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/shenyangcang.com\/#\/schema\/logo\/image\/","url":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/shenyangcang.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/shenyangcang.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6","name":"Keshav Verma","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/shenyangcang.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g","caption":"Keshav Verma"},"description":"Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.","sameAs":["https:\/\/www.linkedin.com\/in\/keshavverma29\/","https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29"],"url":"https:\/\/shenyangcang.com\/author\/hououinkyouma29\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Binary CDD Stays Low, Here’s What This Means","url":"http:\/\/shenyangcang.com\/news\/bitcoin-binary-cdd-stays-low-heres-what-this-means\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/shenyangcang.com\/news\/bitcoin-binary-cdd-stays-low-heres-what-this-means\/"},"thumbnailUrl":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/05\/jievani-weerasinghe-NHRM1u4GD_A-unsplash-scaled.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/05\/jievani-weerasinghe-NHRM1u4GD_A-unsplash-scaled.jpg?fit=2560%2C1570"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Keshav Verma"}],"creator":["Keshav Verma"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin binary cdd","bitcoin coin days destroyed","btc","btcusd"],"dateCreated":"2023-05-18T18:00:22Z","datePublished":"2023-05-18T18:00:22Z","dateModified":"2024-06-11T07:23:39Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Binary CDD Stays Low, Here’s What This Means\",\"url\":\"http:\\\/\\\/shenyangcang.com\\\/news\\\/bitcoin-binary-cdd-stays-low-heres-what-this-means\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/shenyangcang.com\\\/news\\\/bitcoin-binary-cdd-stays-low-heres-what-this-means\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/shenyangcang.com\\\/wp-content\\\/uploads\\\/2023\\\/05\\\/jievani-weerasinghe-NHRM1u4GD_A-unsplash-scaled.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/shenyangcang.com\\\/wp-content\\\/uploads\\\/2023\\\/05\\\/jievani-weerasinghe-NHRM1u4GD_A-unsplash-scaled.jpg?fit=2560%2C1570\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Keshav Verma\"}],\"creator\":[\"Keshav Verma\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/shenyangcang.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin binary cdd\",\"bitcoin coin days destroyed\",\"btc\",\"btcusd\"],\"dateCreated\":\"2023-05-18T18:00:22Z\",\"datePublished\":\"2023-05-18T18:00:22Z\",\"dateModified\":\"2024-06-11T07:23:39Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/shenyangcang.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/05\/jievani-weerasinghe-NHRM1u4GD_A-unsplash-scaled.jpg?fit=2560%2C1570","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/posts\/533791"}],"collection":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/users\/542"}],"replies":[{"embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/comments?post=533791"}],"version-history":[{"count":0,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/posts\/533791\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/media\/533817"}],"wp:attachment":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/media?parent=533791"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/categories?post=533791"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/tags?post=533791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}