NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Celsius Founder Alex Mashinsky Receives 12-Year Prison Sentence
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Celsius Founder Alex Mashinsky Receives 12-Year Prison Sentence

Bitcoin Slips Below $16k As Older Whales Show Signs Of Dumping

Keshav Verma
Keshav Verma
2 years ago
3 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

On-chain data shows signs of dumping from the Bitcoin whales as the price of the crypto dips below $16k.

Bitcoin Exchange Inflow CDD Has Spiked Up In Recent Days

As pointed out by an analyst in a CryptoQuant post, a large amount of dormant coins seem to have moved recently.

The relevant indicator here is “Coin Days Destroyed” (CDD). A coin day is the amount that 1 BTC accumulates after staying still in a single address for 1 day.

Whenever a coin that’s carrying some number of coin days finally shows movement, the coin day counter for it resets back to zero, and the coin days are said to be “destroyed.”

The CDD metric measures the total number of these coin days being destroyed across the entire supply at any given time.

Related Reading

Why Developing Nations Are Adopting Bitcoin as a Legal Tender

2 years ago

A modified version of this indicator is the “exchange inflow CDD,” which tells us about the number of coin days being reset specifically because of transactions going into exchanges.

Here is a chart showing the trend in this Bitcoin indicator over the last few years:

Bitcoin Exchange Inflow CDD

Looks like the value of the metric has been quite high in the last few days | Source: CryptoQuant

As you can see in the above graph, the Bitcoin exchange inflow CDD has spiked up to some pretty high values recently.

This means that investors have been sending in a large number of coins to exchanges, particularly coins that had previously been sitting dormant since a long while.

Related Reading

bitcoin

Why Bitcoin Is Not At Risk Of Knocking $10,000 If Grayscale Increases Selling Pressure

2 years ago

Also, it’s apparent from the graph that the latest levels of the indicator are the highest they have been since the spike back in July 2021, which occurred shortly before the bottom of the May-July mini-bear that year.

Large exchange inflows can have bearish effects on the price as investors may be depositing to these platforms for selling purposes.

Inflows from the long-term holders especially, who hold onto their coins for long periods and accumulate large number of coin days, could have noticeable consequences on the market since they are the cohort that’s least likely to sell at any point.

Following this recent spike in Bitcoin exchange inflow CDD, the crypto’s price has observed a decline below the $16k level, suggesting that it may be the selling from these whales holding old coins that’s behind the dip.

BTC Price

At the the time of writing, Bitcoin’s price floats around $16k, down 4% in the last week.

Bitcoin Price Chart

The crypto's value seems to have rebounded back above $16k for now | Source: BTCUSD on TradingView
Featured image from Thomas Lipke on Unsplash.com, charts from TradingView.com, CryptoQuant.com
Tweet123Share196ShareSend
Keshav Verma
Keshav Verma

Keshav Verma

Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021.

Read more

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’s 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’t 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’t 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.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

アルトコインが台頭:2025年にポルカドットとポリゴンを凌駕するとAIが予測

アルトコインが台頭:2025年にポルカドットとポリゴンを凌駕するとAIが予測

人工知能(AI)は、ある特定のアルトコインが2025年までにポルカドットやポリゴンを上回る可能性があると予測しています。 この暗号資産は、今後市場で大きな進展を遂げると見られています。すでに注目を集め...

Yohei Hanazato 24 minutes ago
強気相場が到来:今注目すべきアルトコイン4選とその魅力

強気相場が到来:今注目すべきアルトコイン4選とその魅力

暗号資産市場は強気相場に突入し、ビットコインの価格は高騰しています。今年の最低値から、多くのアルトコインが大幅に値上がりしています。 ビットコイン(BTC)は104,000ドルを超え、将来性への期待が...

Yohei Hanazato 55 minutes ago

Mystery box za 5000 zł: Co kryje najdroższa paczka-niespodzianka? Otwieramy!

Pamiętacie tę dziecięcą ekscytację, gdy tajemniczy prezent lądował w małych rączkach? Dreszczyk niepewności i radość po odkryciu zawartości? Okazuje się,...

newsbtc 56 minutes ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

新しい仮想通貨が急成長:Pi Networkが100%急騰、次世代プロジェクトが3,500万ドルを調達

新しい仮想通貨が急成長:Pi Networkが100%急騰、次世代プロジェクトが3,500万ドルを調達

Yohei Hanazato 7 minutes ago
Ethereum ar XRP: nuo ko verta pradėti dabar?

Ethereum ar XRP: nuo ko verta pradėti dabar?

Tomas Jankūnas 10 minutes ago
Bitcoin price news

Bitcoin Rally Is Far From Over—Top Expert Predicts Surge To $150,000

Jake Simmons 23 minutes ago

Premium Sponsors

Top Brands

Press Releases

  • How to use Dogecoin (DOGE) to mine on the Blockchain Mining...

    1 hour ago
  • KGN Cloud Launches $100-12,500/Day Bitcoin Mining Plan +...

    5 hours ago
  • ALL4 Mining’s cloud mining contracts help investors earn...

    6 hours ago
  • The market value of Bitcoin has successfully exceeded...

    20 hours ago
  • CoinACE Opens Pre‑Registration for June 1 Early Access...

    21 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.