When a coin unit is unused, it accumulates a number of coin days. the CDD indicator reflects the life and volume of Bitcoin, so it is used to observe the spending behavior of whales and long-term investors.
An uptrend in the data indicates that long-term holdings of Bitcoin are being profited from or expended, while a downtrend in the data indicates that long-term investors are continuing to hold on to Bitcoin.
A 2 BTC UTXO that has been dormant for 100 days has accumulated 200 coin days.
A UTXO of 0.5 BTC that has been dormant for 100 days accumulates 50 coin days.
A 10 BTC UTXO that has been dormant for 6 hours has accumulated 2.5 coin days.
Coin days are the number of days it takes for BTC to move from one wallet to another, and the logic behind coin days is to make more money by selling long held tokens.This makes it easier for us to determine the best time to buy or sell.。