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<a href="https://bitcoinworld.co.in/bitcoin-march-peak-not-final-top/" title="Bitcoin March Peak Likely Not the Final Top of the Current Cycle, Says Analyst" rel="noopener noreferrer nofollow"></a>
Bitcoin March peak not final top suggests that the market may still have room to grow, <a href="https://www.google.com/url?sa=t&amp;source=web&amp;rct=j&amp;opi=89978449&amp;url=https://cryptoquant.com/asset/btc/summary&amp;ved=2ahUKEwiI3K7nrKuIAxVOR2wGHfxBFKQQFnoECA4QAQ&amp;usg=AOvVaw2FQPkeMDolnwkA0QFHkNII" rel="noopener noreferrer nofollow" target="_blank">according to CryptoQuant</a> contributor and on-chain analyst Sachi. In a recent analysis, Sachi pointed to key on-chain metrics, particularly the Binary Coin Days Destroyed (CDD), which tracks long-term holders’ behavior. While profit-taking was observed during the March peak, the Binary CDD has yet to hit the “red zone,” a critical indicator typically seen at market peaks. This suggests that Bitcoin’s final top for the current cycle is still ahead.
<img fetchpriority="high" decoding="async" class="size-medium wp-image-81350 aligncenter" src="http://bitcoinworld.co.in/wp-content/uploads/c54e90edcdec2e2ac62f3b96f6bd8a84-639x300.png" alt=" Bitcoin March peak" width="639" height="300" srcset="https://bitcoinworld.co.in/wp-content/uploads/c54e90edcdec2e2ac62f3b96f6bd8a84-639x300.png 639w, https://bitcoinworld.co.in/wp-content/uploads/c54e90edcdec2e2ac62f3b96f6bd8a84-1064x500.png 1064w, https://bitcoinworld.co.in/wp-content/uploads/c54e90edcdec2e2ac62f3b96f6bd8a84-768x361.png 768w, https://bitcoinworld.co.in/wp-content/uploads/c54e90edcdec2e2ac62f3b96f6bd8a84.png 1141w" sizes="(max-width: 639px) 100vw, 639px">
<h3 id="binary-coin-days-destroyed-cdd-analysis">Binary Coin Days Destroyed (CDD) Analysis</h3>
The Binary CDD metric is used to measure the activity of long-term holders by tracking when significant amounts of dormant Bitcoin are moved. Typically, when this metric enters the “red zone,” it signals heavy selling by long-term holders and often coincides with market tops.
<ul>
 <li>Profit-Taking in March: According to Sachi, while Bitcoin’s March peak saw notable profit-taking by long-term holders, the Binary CDD has not reached the red zone, which indicates that the cycle’s ultimate top may still be on the horizon.</li>
 <li>Low Long-Term Holder Activity: Another critical factor is the continued low activity from long-term holders, combined with decreasing selling pressure. This suggests that long-term holders are not in a rush to exit their positions, a signal that the market has room for further upward movement.</li>
</ul>
<h3 id="what-does-this-mean-for-the-bitcoin-cycle">What Does This Mean for the Bitcoin Cycle?</h3>
Sachi’s analysis implies that Bitcoin’s price movements are still within an active growth phase, with the possibility of the final peak arriving in the future. The low activity from long-term holders and the lack of red-zone Binary CDD activity signal that the market hasn’t yet reached its peak:
<ul>
 <li>Room for Growth: With key metrics not indicating a final top, Bitcoin could still experience a further price surge before the end of the current market cycle.</li>
 <li>Lower Selling Pressure: The low selling pressure from long-term holders supports the notion that the market hasn’t entered a phase of widespread profit-taking, which typically marks the end of a bull cycle.</li>
</ul>
<h3 id="conclusion">Conclusion</h3>
The Bitcoin March peak not final top analysis by CryptoQuant’s Sachi suggests that the current cycle still has room to grow, as key on-chain indicators like the Binary CDD have not reached their critical thresholds. With long-term holders showing low activity and reduced selling pressure, the ultimate peak of this cycle may still lie ahead. Investors will be closely monitoring these metrics to gauge the timing of the cycle’s final top.
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Bitcoin March Peak Likely Not the Final Top of the Current Cycle, Says Analyst

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