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Sunday, August 7, 2022

Examining Bitcoin’s “Coin Days Destroyed”

The below is from a recent edition of the Deep Dive, Bitcoin Magazine‘s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.

The topic of today’s Daily Dive will be coin days destroyed, and examining the recent trends surrounding this metric. The metric “coin days” was first brought up as “bitcoindays destroyed” by Bytecoin on the forum BitcoinTalk back in 2011.

“Coin days” refers to the total number of days that a coin has remained dormant. If one bitcoin has not moved in exactly one year, then that coin would have accumulated 365 coin days. Similarly, if 365 bitcoin last moved one day ago, this would also be worth 365 coin days.


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