Post
Murphy
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The Never-Failing On-Chain Indicator CVDD
On January 27, 2023, I wrote a tweet — the never-failing on-chain data indicators, hoping to explain the established $BTC bear bottom pattern from multiple angles. Looking back now, although the textual descriptions and pattern annotations seem a bit rough and immature, the content described in the text is still valid to this day.
For example: [Never-Failing] On-Chain Data Indicator Five: CVDD; its principle has been introduced on many data platforms, so I won't elaborate here (interested friends can check it out themselves).
Its biggest feature is that it 'never retraces', meaning today's CVDD is always higher than yesterday's. From 2010 to 2026, the price of BTC has been above CVDD every single day; it may come infinitely close at the bear market bottom but has never dropped below. Including in November 2022 $BTC the lowest was $15,800, while at that time CVDD was $14,800.
For example: [Never-Failing] On-Chain Data Indicator Five: CVDD; its principle has been introduced on many data platforms, so I won't elaborate here (interested friends can check it out themselves).
Its biggest feature is that it 'never retraces', meaning today's CVDD is always higher than yesterday's. From 2010 to 2026, the price of BTC has been above CVDD every single day; it may come infinitely close at the bear market bottom but has never dropped below. Including in November 2022 $BTC the lowest was $15,800, while at that time CVDD was $14,800.
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