glassnode: BTC VDD multiple remains low, Bitcoin is still in the accumulation zone

Odaily Planet Daily News reports that the latest glassnode report shows that the VDD (Value Days Destroyed) multiple for Bitcoin (BTC) continues to stay in the low range, indicating that the market is still in the accumulation phase. The current market condition reflects limited spending by long-term holders and low distribution pressure, which is seen as a positive signal. glassnode points out that the market is digesting previous price gains in a “structurally constructive manner,” a pattern often regarded as healthy market behavior.

PS: The VDD (Value Days Destroyed Multiple) is an important on-chain Bitcoin indicator used to measure the ratio of short-term spending velocity to long-term average levels. This metric helps investors understand market behavior and potential trends.