glassnode: BTC VDD multiple remains low, Bitcoin is still in the accumulation zone
According to Odaily, the latest report from glassnode shows that the VDD Multiple of bitcoin (BTC) continues to remain in a low range, indicating that the market is still in an accumulation phase. The current market status reflects limited spending by long-term holders and relatively low distribution pressure, which is considered a positive signal. glassnode points out that the market is digesting previous price increases in a "structurally constructive manner," a pattern that is typically regarded as healthy market behavior.
PS: The VDD Multiple (Value Days Destroyed Multiple) is an important on-chain indicator for bitcoin, used to measure the ratio of short-term spending speed to the long-term average level. This indicator helps investors understand market behavior and potential trends.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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