Analysis: Long-term BTC holders not selling despite price surge

An analysis indicates that long-term Bitcoin holders are not selling their assets, even as the cryptocurrency's price continues to rise. CryptoQuant contributor Carmelo Alemán noted that while BTC has broken through $94,200 to reach $97,500, the Value Days Destroyed (VDD) metric remains low at 0.53 compared to previous bull markets. A low VDD suggests that trading activity is primarily concentrated among short-term holders, while long-term investors are holding firm. Alemán explained that as long as the VDD stays at these low levels, the current upward trend can be considered a healthy bull phase.