Bitcoin 1-2 Year and 1-3 Month Cost Basis Lines Cross in Late April, CVDD Reaches $45,410

BTC1.04%
According to analyst Murphy, on-chain data showed that the average cost basis for Bitcoin held 1-2 years (yellow line) crossed with the average cost basis for Bitcoin held 1-3 months (orange line) in late April. This signal reflects activity from early whale holders, with the CVDD indicator—a long-term Bitcoin valuation metric developed by analyst Willy Woo—reaching $45,410 at the end of April, up only $506 from February 10.
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