• BTC’s VDD multiple reaches sub-0.75 levels while maintaining a price above $105,220, marking a significant shift from April 2024’s high.
• Daily active addresses stabilize between 71K and 89K amid steady transaction volumes.

Bitcoin’s [BTC] Value Days Destroyed (VDD) metric has entered a significant phase as the cryptocurrency maintains its position above $105,000.

Combined with recent price action and network activity, this on-chain indicator provides crucial insights into the current market state and potential future movements.

VDD Multiple analysis reveals an accumulation pattern

The Bitcoin VDD Multiple chart shows a notable shift from mid to low ranges in early 2025, with current readings hovering in the lower band (<0.75).

This transition from higher multiples seen in April 2024 (>2.9) to current levels suggests a significant change in long-term holder behavior.

The metric’s decline coincides with Bitcoin’s price stability above $100,000, indicating reduced movement of older coins despite price appreciation.

Bitcoin’s network activity and daily transactions

Bitcoin’s Daily active addresses have maintained steady levels between 71,000 and 89,000 throughout January 2025, while transaction volumes show consistent baseline activity.

This stability in network metrics, coupled with the low VDD Multiple, suggests a mature market phase where long-term holders are showing strong conviction despite price volatility.

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Author: Adewale Olarinde