Introducing Cumulative Value Days Destroyed (CVDD) and Balanced Price. New experimental models using the early metric of Bitcoin Days Destroy. Check @kenoshaking's handle very shortly for Balanced Price, I'll dig into CVDD here. 
When a HODLer sells to another HODLer the transaction contains both value (USD) and a length of prior HODL time. CVDD is the cumulative sum of this value and time destruction for every on-chain transaction (adjusted by age of market which brings the units back into USD).
There is a calibration factor (6 million) involved, but once calibrated, CVDD catches all prior bottoms. It has the useful property of tending to increase over time, so useful in bear cycles when we want to gauge an estimate of the (rising) bottom zone.
When used in conjunction with @coinmetrics' Realised Price, CVDD is useful in visualising accumulation bottoms.
CVDD and Top Price models helps us frame the room in which BTC price account may wander between.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
