VDD Multiple
What Is VDD Multiple?
Value Days Destroyed Multiple — measures the ratio of current coin days destroyed (value-weighted) to the 365-day average. Identifies when old, valuable coins are being moved en masse.
How to Interpret
High VDD values (> 2.0) indicate significant movement of long-held coins, often at cycle tops when HODLers take profits. Low values indicate dormancy and accumulation.
More Lifespan Metrics
Binary CDD
A simplified version of Coin Days Destroyed — returns 1 when CDD exceeds the average, and 0 when below. Makes it easier to identify sustained periods of old coin movement.
Reserve Risk
Evaluates the risk-reward balance of investing in Bitcoin based on HODLer confidence. Calculated from the ratio of current price to cumulative 'HODL Bank' (opportunity cost of not selling).
Coin Days Destroyed
A metric weighing both the number of coins and how long they've been held. One coin held for 100 days then moved = 100 coin days destroyed. Gives significance to old coin movements.
Coinday NVT/RVT
Combines the Coin Days Destroyed concept with Network Value and Realised Value to create valuation metrics adjusted for the significance (age) of coins being transacted.