Bitcoin is currently trading in a narrow range, caught between the $113K resistance and the $110K support level. Bulls are struggling to regain momentum after recent pullbacks, while mounting selling pressure continues to weigh on short-term sentiment. The tight consolidation reflects investor indecision, with both sides waiting for a decisive breakout that could shape the market’s next major move.
Despite the near-term weakness, the long-term view remains more constructive. According to top analyst Darkfost, the 30-day average Coin Days Destroyed (CDD) remains elevated but has started to cool off. Notably, its value has already dropped by half from its previous peak, signaling a slowdown in old coin movements. This decline suggests that the heaviest phase of long-term holder distribution may be easing, providing the market with some breathing room.
If this cooling trend continues, it could reinforce Bitcoin’s long-term bullish outlook, even as short-term volatility pe
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