According to CryptoQuant, Coin Days Destroyed (CDD) has reached a six-year peak of 24.8M USD, signaling notable activity involving large amounts of long-dormant Bitcoin. CDD, calculated as the product of days dormant and the amount moved, reflects significant shifts in the holdings of long-term investors, with the 60-day moving average highlighting this surge:

🚨 Coin Days Destroyed just hit a 6-Year high (!!) of 24.8M! 

• CDD = Days Dormant x Amount moved
 
The surge of CDD (60DMA) indicates a significant movement of large, long-dormant bitcoin. https://t.co/pYLYGu1zM9

Maartunn

According to CryptoQuant, Coin Days Destroyed (CDD) has reached a six-year peak of 24.8M USD, signaling notable activity involving large amounts of long-dormant Bitcoin. CDD, calculated as the product of days dormant and the amount moved, reflects significant shifts in the holdings of long-term investors, with the 60-day moving average highlighting this surge: https://x.com/JA_Maartun/status/1874009480637407488