Willy Woo: 80,000 Bitcoin Transfer Raises CVDD Bottom Valuation from $35,000 to $37,000
Foresight News reports that Willy Woo tweeted, "Counterintuitive as it may seem, when old coins move, the market appears to place greater value on BTC in the long run. Today, 80,000 ancient bitcoins were transferred to new wallet addresses, causing the estimated value of the CVDD floor model (a Bitcoin bottom valuation model) to rise from $35,000 to $37,000."
Additionally, Willy Woo further explained the CVDD model: "When Bitcoin is transferred from an old investor who bought at $1 to a new investor who buys at $100,000, the new investor will assess the value of these bitcoins at a higher floor price. This helps raise the globally recognized floor price for the entire Bitcoin supply. Active custodial rotation (that is, Bitcoin frequently moving between different investors or custodians) may also indicate that investors place significant value on these bitcoins."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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