Bitcoin’s latest pullback has put sentiment under pressure, but older holders are still showing little sign of distribution. Analyst Darkfost said on-chain data points to limited selling from investors who have held Bitcoin for more than six months. At the same time, Rich Dad Poor Dad author Robert Kiyosaki said he is watching Bitcoin, Ethereum, gold, and silver and plans to add to positions only after their current declines reverse.
Older Bitcoin holders remain largely inactive
Darkfost highlighted long-term holders, or LTHs, as the group worth watching during the current correction. In this context, that refers to investors holding Bitcoin for more than six months. He cited a 2020 Glassnode study that found the probability of a Bitcoin moving drops sharply after 155 days of inactivity. That is why analysts often focus on older coins when trying to judge conviction among experienced market participants.
CVDD near 0.3 points to muted activity from seasoned holders
To track that behavior, Darkfost pointed to the CVDD metric, short for Cumulative Value Days Destroyed. The indicator expands on Coin Days Destroyed by adding a value component to transferred coins. Coin Days Destroyed measures how long Bitcoin stayed untouched before moving. A higher reading usually signals stronger participation from coins that had been dormant for longer periods.
According to Darkfost, CVDD is now sitting near 0.3. He said levels like that are typically seen during bear markets or deep corrections. For comparison, the metric moved above 2 and later climbed past 4 in March 2024. In his view, those spikes matched periods of heavier holder activity and coincided with market top conditions.
Kiyosaki is waiting for trend reversals before adding exposure
Kiyosaki described a broader decision process for falling assets. He said he does not buy or sell based on price action alone and instead looks at the wider setting around an asset. Using real estate as an example, he said he studies local employment trends and surrounding economic conditions before acting. He applies the same approach to financial markets.
He added that he follows political and banking leadership closely when assessing gold and silver, and he is also monitoring technical charts for gold, silver, Bitcoin, and Ethereum. His plan is to buy after those assets reverse their current declines. Kiyosaki also said technical indicators continue to show gold and silver in position for a significant price increase.