Analysis: Binance Bitcoin Inflow CDD hits highest level since early 2023, Long-Term Holder Addresses are Realizing Profits

BlockBeats News, May 7th, Cryptoonchain announced on social media that Bitcoin's Coin Days Destroyed (CDD) on the Binance exchange has reached the highest level since early 2023. Dormant Bitcoin has started moving, indicating profit-taking by long-term holders and whales in the $78,000–$80,000 range. The significant increase in CDD suggests that older Bitcoin is flowing into the exchange, indicating rising selling pressure. Historically, this behavior has often preceded short-term volatility or a local top. The peak inflow in April has already signaled early distribution across the market, and if buying demand cannot absorb this supply, Bitcoin may face a strong supply wall.