In this case, VDD is expressed as a ratio to evaluate its velocity in relation to its annual average. Furthermore, the ratio between the annual average and the monthly average helps to position current activity in relation to the annual norm.
With the metric at 0.55, the current VDD is roughly twice the annual average. Such levels have repeatedly been observed following significant corrections in the ongoing cycle. Interestingly, this suggests that long-term holders are presently choosing to hold onto their coins at current price levels.
BTC’s Upward Trend Is Still IntactMilk Road’s objective is based on a multi-year Ascending Channel pattern. According to the expert, BTC has been moving inside the upward channel since 2022, making higher highs and higher lows.
