The past week was one of intense volatility for the crypto market, as the Bitcoin price experienced a sharp nosedive from as high as $116,000 to a swing low of about $108,600. While this recent decline has led to worries about the start of a bearish rally, recent on-chain data suggests that the market may be reaching a state of calm.

LTHs’ Selling Pace On The Decline

In a recent post on social media platform X, Alphractal revealed what may be good news for Bitcoin’s bullish onlookers. According to the on-chain analytics firm, there seems to be a shift in the behavior of the premier cryptocurrency’s long-term holders (LTH).

This on-chain revelation is based on the Coin Days Destroyed (CDD) Multiple Metric, which measures the intensity of coin spending in relation to historical ave

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