Bitcoin LTH Stay Calm Amid Volatile Market Swings - Details

Newsbtc2026/03/08 10:40

By:Newsbtc

Following its price crash in early February, Bitcoin continues to exhibit significant volatility, with prices fluctuating between $60,000 and $70,000. Last week, the leading cryptocurrency saw a sharp rebound towards the 74,000 price level, but was soon followed by a deep retracement to around $68,000. Amid this choppy price movement and lack of market direction, on-chain data has revealed a tranquil behavior among the Bitcoin long-term holders (LTH).

CVDD Data Shows Bitcoin LTH Composure Amid Market Uncertainty

Bitcoin long-term holders represent entities or addresses with holdings that have lasted over 155 days. Due to the prolonged holding periods, LTHs are considered more strategic investors than short-term holders, making investment decisions from convictions rather than reacting to price movements. In a QuickTake post on March 7, prominent analyst Darkfost reports that the Bitcoin long-term holders are maintaining a calm market activity amid a flurry of reactions by other investors’ cohorts. This observation was based on data from the Bitcoin Coin Value Days Destroyed (CVDD) metric.

Source: CryptoQuant

Generally, the Coins Days Destroyed (CDD) measures how long coins were held before they moved. The CVDD adds a value component to this metric, thereby evaluating the economic value that comes from old coins entering the market. Therefore, CVDD is a key metric in observing long-term holders’ activity and their impact on the market.

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According to data from CryptoQuant, Darkfost states that the present CVDD stands around 0.34, a value that is similar to levels recorded during a bear market. This suggests that Bitcoin long-term holders are largely inactive and are opting to hold their assets rather than initiate a redistribution. Meanwhile, high redistribution activity has been recorded when the CVDD rises above 2.0, a value that was also observed during market top formations in the present cycle.

Bitcoin Price Overview

According to data from CoinMarketCap, Bitcoin trades at $67,289, following a minor 0.8% decline in the last 24 hours. Meanwhile, daily trading volume is down by 46.65% and valued at $23.67 billion.

More data reveals the market remains on high caution as the Fear & Greed index stands at 12, representing extreme greed. General market sentiment is bearish, especially considering that only 12 of the last 30 days have ended on a green note. However, analysts remain somewhat optimistic, predicting a rise to $73,842 in five days and $76,640 in a month.

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BTC trading at $67,180 on the daily chart | Source: BTCUSDT chart on Tradingview

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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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