glassnode: BTC VDD multiple remains low; Bitcoin is still in accumulation range.

A recent report from Glassnode shows that Bitcoin's (BTC) VDD multiple continues to remain in a low range, indicating that the market is still in an accumulation phase. The current market condition reflects limited spending by long-term holders and low distribution pressure, which is considered a positive sign. Glassnode notes that the market is digesting previous price increases in a "structurally constructive way," a pattern generally considered healthy market behavior. PS: VDD (Value Days Destroyed Multiple) is an important on-chain Bitcoin metric that measures the ratio of short-term spending speed to the long-term average. This metric helps investors understand market behavior and underlying trends.