Bitcoin has slipped below the $80,400 psychological threshold, dragging market sentiment lower. According to on-chain analysis from CryptoComLearn, despite the price decline, a key metric tracking long-term holders—Coin Days Destroyed (CDD)—is cooling, which may indicate reduced selling pressure.
CDD Cooling: Long-Term Investors Stay Put
CDD measures the tendency of BTC holders who have kept their coins for over six months to move their assets. Analyst Darkfost notes that the current CDD cooling phase corresponds to relatively low activity among long-term holders. Selling pressure from these investors is now much lower than in the second half of 2025. Darkfost cautions that CDD is best used as a mid-term analytical tool rather than a standalone signal. A sudden spike in CDD amid falling BTC prices could signal the start of a deeper selloff and potential new lows. Still, BTC remains relatively stable compared to previous months. Persistent inflation, however, may prompt more investors to sell, increasing the risk of an extended decline.
ETH and LINK: Key Resistance Levels in Focus
Among altcoins, LINK Coin has shown weakness despite positive headlines. Analyst Jelle believes the trend may be turning, noting that a significant accumulation range beneath a key support level has been reclaimed. If sentiment improves, LINK could rise toward $13 in the coming weeks, though BTC’s recent drop limits near-term upside.
For Ethereum, analyst DaanCrypto is optimistic, suggesting ETH may soon break out of its current range. A move above $2,400 could pave the way back to the 200-day moving average at $2,633. If momentum falters, support lies just above $1,900.
Overall, while short-term sentiment is dampened by Bitcoin’s decline, on-chain metrics and technical patterns suggest some assets have rebound potential. Investors should remain cautious of inflation and macroeconomic uncertainties.