Research: This metric shows who has been selling Bitcoin in the recent bear market relief rally
Coin Days Destroyed (CDD) measures the economic activity of the Bitcoin market by looking at how long addresses held onto BTC before selling it.

The latest Bitcoin news today — live BTC price updates, mining developments, halving cycles, ETF flows, and institutional adoption headlines. CryptoSlate’s editorial team covers Bitcoin around the clock, from on-chain data and technical analysis to regulation and macro context, with breaking stories added throughout the day.
U.S. inflation rates have yet to fall but Ethereum will drop its inflation massively in September, while Bitcoin's inflation is baked into the code — how do these compare to a 2% FED inflation target?
On-chain analysis suggests the price of Bitcoin may fall lower than the $17,700 local bottom reached in June.
Overvalued property, overbought equities, and negative real yield bonds are all heading into a stagflationary period that could last up to several years — and push many investors into Bitcoin.
Bitcoin is credited with boosting vistors to El Salvador and generating more money than the current unrealized loss on BTC holdings.
In the last five years, Bitcoin's value has grown over 400% versus the value of gold, which only appreciated 35% during the same period.
Institutional investors are generally seen as good for cryptocurrency, bringing benefits such as added legitimacy and capital inflow. But there is growing acknowledgment that this comes at a price.