glassnode: BTC VDD Multiple Remains Low, Bitcoin Still in Accumulation Range

Odaily News According to the latest report from glassnode, Bitcoin's (BTC) VDD Multiple continues to stay within a low range, indicating that the market remains in an accumulation phase. The current market state reflects limited spending by long-term holders and minimal distribution pressure, which is viewed as a positive signal. glassnode notes that the market is digesting previous price gains in a "structurally constructive manner," a pattern typically considered healthy market behavior.

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