Bitcoin Coin Days Destroyed Reaches Six-Year High

According to Odaily, CryptoQuant analyst Maartunn reported on the X platform that the 60-day moving average of Bitcoin's Coin Days Destroyed (CDD) has reached its highest level in six years. CDD is calculated by multiplying the number of dormant days by the amount transferred. When Bitcoin is spent, the Coin Days it held are destroyed, and CDD represents the total of all Coin Days destroyed by spent Bitcoin.