View charts in Landscape for optimal mobile experience. For full functionality and best user experience view this website on laptop or desktop.

Bitcoin: CVDD

Loading...

Zoom in with touchscreen: Touch and hold with ONE finger then drag.

Zoom in on desktop: Left click and drag.

Reset: Double click.

Indicator overview

CVDD stands for Cumulative Value Coin Days Destroyed.

Coin Days Destroyed is a term used for bitcoin to identify a value of sorts to UTXO’s (unspent transaction outputs). You can learn more about UTXO’s here. They can be thought of as coins moving between wallets.

When coins are sent between wallets, the transaction has:

  • a USD value
  • plus, it also destroys a time value in terms of how long the original investor held their coins

That value is Coin Days Destroyed (CDD).

CVDD tracks the cumulative sum of this value-time destruction as coins move from old hands into new hands as a ratio of the market age. It is then multiplied by 6 million, which is a somewhat arbitrary number as it is not linked to any relevant Bitcoin data.

The result is that it has historically correctly forecasted the major lows of Bitcoins price with good accuracy.

Fall further down the rabbit hole

CVDD was created by @woonomic.

You May Also Be Interested In

Realized Price screenshot
Realized Price

The aggregate cost-basis of all bitcoin.

Terminal Price screenshot
Terminal Price

Pricing model for identifying Bitcoin bull market highs.

Reserve Risk screenshot
Reserve Risk

Long term Bitcoin investor confidence relative to Bitcoin price.

Make smarter decisions about Bitcoin. Instantly.

Access the Bitcoin and Global Macro Charts that really drive Bitcoin’s price.

+40 chart alerts. Never miss critical levels on charts again.

Analysis newsletter. Manage your emotions at market extremes.

Private Tradingview indicators. See Bitcoin chart levels in real time!

Cancel anytime.

Learn More

Any information on this site is not to be considered as financial advice. Please review the Disclaimer section for more information.