According to a recent Glassnode report cited by Odaily, Bitcoin’s VDD (Value Days Destroyed) Multiple is currently hovering in a low range—an indication that the market may still be in an accumulation phase.
This suggests limited selling activity from long-term holders, with reduced distribution pressure across the network. Such behavior is often viewed as a constructive market signal, reflecting confidence among experienced investors.
Glassnode notes that the market is absorbing recent price gains in a structurally healthy manner, rather than showing signs of excessive profit-taking.
The VDD Multiple is a key on-chain metric that compares short-term BTC spending activity to its long-term average. Traders and analysts commonly use it to assess holder behavior, market cycles, and potential trend shifts.
📊 Key takeaway: Low VDD levels historically align with accumulation periods and stable market foundations.
