In our first Chart of the Week of 2024, we explore the Value Days Destroyed metric.

The introduction of spot Bitcoin ETFs, which turned out to be a "sell the news" event, prompts us to question if this marks the initial hint of a reversal in the positive trend we've witnessed over the past year. Value Days Destroyed, an indicator focused on Bitcoin's smart money, might just hold the answers. https://www.youtube.com/watch?v=n9T5zD09XTI