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📊 BTC On-Chain Update After hitting a 2-year low, CDD (30D MA) is now starting to rise again, showing increased movement of BTC that had been held for 6+ months. Normally, rising CDD can signal higher LTH activity and potential selling pressure. However, the recent increase appears heavily influenced by the Coldcard security event, which prompted many long-term holders to move their BTC for security reasons. The spike in LTH-spent UTXOs at the end of July supports this explanation. Bottom line: Rising CDD doesn’t necessarily mean LTHs are selling aggressively—it may largely reflect security-driven BTC movements. #CPIToResetFedBets #SP500Eyes8000 #BerkshireStartsBuying