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CryptoQuant Analyst: Bitcoin CDD 60-Day Moving Average Hits 6-Year High

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2024-12-31 12:53:18
CryptoQuant analyst Maartunn posted on the X platform that the 60-day moving average of Bitcoin Coin Days Destroyed (CDD) has reached a six-year high.
Note: CDD = dormant days x transfer amount. When bitcoins are spent, the Coin Days they hold are destroyed. CDD represents the sum of all the Coin Days spent.
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