Bitcoin Coin Days Destroyed (Supply-Adjusted)
Coin Days Destroyed (Supply-Adjusted) is the sum of spent UTXOs' amount × holding-time products, normalized against total circulating supply as it changes over time - it measures when and how intensely old, long-dormant coins 'wake up'.
Preview: the last 90 days of real data, up to September 27, 2026. The full history and live data are available with Cedvel Pro.
Source: coindays_destroyed_supply_adj (bitview.space / Bitcoin Research Kit)
What is it?
The supply-adjusted version of Coin Days Destroyed (the sum of every spent coin's amount × holding-time products) - normalized against total circulating supply as it changes over time.
How is it calculated?
Raw CDD = Σ(amount spent × days held); the supply-adjusted version divides this by that day's circulating supply, making it comparable across periods.
How to read it
A high value shows that old/long-dormant coins were spent heavily that day - generally seen either during a strong wave of profit-taking (in an uptrend) or during moments of capitulation.
Things to watch out for
Based on the same underlying data as Dormancy (coin age × amount) but normalized differently - the two shouldn't be confused. Direction (whether it's signaling an uptrend or downtrend trigger) is ambiguous on its own and should be read together with price/trend context.
Historical usage
High-CDD periods have historically been seen either during a strong uptrend's profit-taking (experienced holders selling) or during outright capitulation moments - direction alone is ambiguous and should be read together with price/trend context.
Frequently Asked Questions
How is CDD calculated?
Raw CDD = Σ(amount spent × days held); the supply-adjusted version divides this by that day's circulating supply, making it comparable across periods.
What does a high CDD value mean?
It shows that old/long-dormant coins were spent heavily that day - generally seen either during a strong wave of profit-taking or during capitulation moments.
What's the difference between CDD and Dormancy?
Both are based on the same underlying data (coin age × amount) but normalized differently - CDD is a total quantity, while Dormancy is the AVERAGE waiting time per spent coin.