Cryptocurrency Q&A
What is coin days destroyed?
What is coin days destroyed?
BlockchainWizard
Sat Feb 22 2025
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6
answers
1408
I heard about a concept called 'coin days destroyed' in the cryptocurrency world. I'm curious to understand what it means and how it's calculated. Can someone explain this to me in simple terms?
6 answers
Carlo
Mon Feb 24 2025
Coin Days Destroyed is a metric that indicates the duration each Bitcoin has been held before being transacted.
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DongdaemunTrendsetterStyleIcon
Mon Feb 24 2025
The calculation involves multiplying the number of bitcoins involved in a transaction by the number of days they have been stationary since their last movement.
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TaegeukWarrior
Mon Feb 24 2025
This metric provides insight into the level of investor confidence and market sentiment.
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Caterina
Mon Feb 24 2025
A higher Coin Days Destroyed value suggests that a significant number of bitcoins have been held for a longer period, indicating potential seller conviction.
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CryptoKing
Sun Feb 23 2025
Conversely, a lower value implies that bitcoins have been moving more frequently, which could indicate buyer enthusiasm or market volatility.
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