Absolute Dormancy - Block Based (Raw CDD)
Last updated
Last updated
Absolute Dormancy measures the total “coin-days” destroyed during a specific block. A “coin-day” is created when 1 coin remains unmoved for 1 day. When coins move, their accumulated coin-days are “destroyed.”
This metric answers a simple question:
How much long-held Bitcoin has just been spent?
Identifying Smart Money Activity: Large spikes in dormancy typically reflect movements by long-term holders or institutional wallets.
Predicting Market Shifts: Dormancy spikes often precede trend reversals—especially during overheated market phases.
Assessing Liquidity Risk: Higher dormancy implies higher probability of large capital re-entering the market (either for sale or redistribution).
Unlike daily-averaged indicators, Absolute Dormancy here is calculated per block, offering:
Higher resolution
Faster anomaly detection
Lower smoothing bias
This makes it especially powerful for detecting sudden whale activity, without waiting for daily aggregation.
Spikes: A tall, sudden rise in dormancy indicates the movement of old, dormant coins—often before price tops.
Flatline Behavior: Long periods of low dormancy reflect low long-term holder activity—common during accumulation or calm phases.
Sudden Clusters: Consecutive high values often suggest structured sell activity or institutional repositioning.
Each coin accumulates “age” (coin-days) while unmoved.
Once moved, those coin-days are added to the day’s or block’s b_cdd value.
No adjustment or normalization—pure raw total.
“Dormancy spike + price rally = caution.”
“Low dormancy during uptrend = strong hands are holding.”
“Block-by-block dormancy lets us catch events hours before daily metrics react.”
