According to glassnode, BTC's Short-Term Holder Coin Days Destroyed (CDD) has reached -12.8K coin days/hr, indicating a significant fear-driven sell-off. This metric, adjusted with the Spent Output Profit Ratio (SOPR), mirrors the market conditions of August 2024, suggesting a similar economic weight of spent coins during sell-offs.

According to @glassnode, Bitcoin's URPD shows a filling liquidity gap when comparing February 23 to today. Although URPD lacks behavioral context, Coin Days Destroyed (CBD) provides insights into investor behavior, revealing which investors lowered their cost basis, capitulated, and where new demand has emerged.