Lifespan metrics group:
1️⃣Supply-Adjusted CDD
This metric tracks the movement of old coins that have been in cold storage for a long period.
Strong spikes indicate the destruction of a large number of coin days, suggesting old coins are being moved, likely for selling.
Calculation: Coin Days = Number of coins * Number of days the coins were inactive.
Current situation: A sharp decline indicates reduced interest in selling old coins, suggesting a potential short-term pullback in Bitcoin within the broader upward trend.
Rating: 8/10 in favor of buyers.
2️⃣Binary CDD
Binary Coin Days Destroyed (Binary CDD) evaluates whether the volume of destroyed coin days for a given period is above or below the long-term historical average.
1: When the measured Supply-Adjusted CDD is greater than the long-term average.
0: When the measured Supply-Adjusted CDD is less than the long-term average.
Current situation: Recent aggressive declines suggest a sharp decrease in old coin movement.
The quarterly period with EMA is used to filter out daily noise and provide clearer information.
Rating: 8/10 in favor of buyers.
Total Lifespan metrics group rating: 8/10 in favor of buyers.
The Lifespan metrics group shows a significant local decline in the interest of long-term holders to sell their old coins, indicating a potential short-term pullback in Bitcoin within the global upward trend.
Despite this local change, the global outlook remains positive, supported by the behavior of these metrics.
The Supply-Adjusted CDD and Binary CDD suggest a decreased likelihood of old coins being sold, indicating a stable long-term outlook for BTC.