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COINTURK NEWS > Chainlink (LINK) > Btc drops below 80400 as market mood sours
Chainlink (LINK)Ethereum (ETH)

Btc drops below 80400 as market mood sours

In Brief

  • 🚨 BTC fell below the $80,400 support amid growing market pessimism.

  • 📉 CDD data suggests long-term $BTC holders remain relatively inactive, reducing immediate selling pressure.

  • 🔑 Key point: Any sudden jump in CDD as $BTC drops could trigger a deeper selloff.

İlayda Peker
İlayda Peker 3 months ago
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Trump’s visit to China has concluded without any major developments regarding tariffs or other crucial issues. Market watchers are now left speculating about the trip’s potential impact on tensions with Iran. Meanwhile, BTC’s price slipped below its $80,400 support, reflecting a shift toward negative sentiment across cryptocurrency markets. So, what are analysts expecting for ETH and LINK Coin as the landscape changes?

Contents
Long-term BTC holdersETH and LINK Coin projections

Long-term BTC holders

Coin Days Destroyed (CDD) metrics once garnered significant attention, as they track long-term investors moving their assets—a signal often seen as a precursor to market downturns. An on-chain analyst known as Darkfost recently examined the current state of the CDD indicator, shedding light on trends among investors holding BTC for extended periods.

CDD, which measures sales tendencies among BTC holders who have kept their coins for over six months, currently shows a cooling trend. The analyst notes that this decline in activity points to diminished selling pressure, which is regarded as a relatively positive sign for the market.

“The market is currently experiencing a CDD cooling phase, corresponding to relatively low activity among long-term holders. As a result, selling pressure from these investors is much lower than what we observed in the second half of 2025.

CDD is primarily designed to provide a broader perspective on market trends and sentiment among long-term investors. It should not be viewed as a standalone signal, but rather as a mid-term analytical tool.”

Should the CDD spike quickly while BTC prices are falling, it could signal the onset of a deeper selloff and a potential move toward new lows. Despite this, BTC remains in a relatively stable position compared to previous months. Yet, persistent inflation may prompt more investors to sell, heightening the risk of an extended decline.

ETH and LINK Coin projections

Despite numerous positive headlines and partnerships, LINK Coin has shown considerable weakness. However, analyst Jelle believes the trend may be starting to turn. Although market conditions appeared ripe for improvement, BTC’s recent slip below $80,400 has dampened overall sentiment, limiting the upside potential for LINK in the short term.

“The situation looks better than it has in over a year.

There was a significant accumulation range beneath a key support level, and this threshold has now been reclaimed. If market sentiment improves, we could see prices rise towards $13 in the coming weeks.”

DaanCrypto is also optimistic, suggesting ETH may soon break out from its current range. The price has lingered under key resistance for some time, but a move above $2,400 could pave the way for a return to the 200-day moving average at $2,633. If momentum falters, however, the next support could lie just above the $1,900 mark.

You can follow our news on X, Telegram, Facebook & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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İlayda Peker 15 May, 2026 - 5:24 pm 15 May, 2026 - 5:24 pm
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İlayda Peker
By İlayda Peker
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The author, who holds a degree in International Relations and Political Science, has 10 years of experience as a writer and editor in the fields of cryptocurrency, blockchain technologies, and digital asset markets.While at COINTURK, he has published over 8,500 news articles, analyses, essays, and reports on Bitcoin, altcoins, cryptocurrency markets, the blockchain ecosystem, digital asset regulations, and global financial developments. Closely following market movements and industry developments, the author addresses the complex world of cryptocurrency in a clear and reader-friendly manner.An avid reader, the author also evaluates the impact of international developments on financial markets and the digital asset ecosystem.
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