The cvdd index (CUMULATIVE VALUE days DESTROYED) is an intransitive Analysis tool used to identify Bitcoin price floors in market cycles. This indicator is based on the behavior of long-term holders and helps analyze trends in investing in the market.

COIN DAYS DESTROYED (CDD):

This metric indicates the amount of coins that have been moved, while their shelf life is also taken into account. When long-held bitcoins are sold, the CDD increases.

Dollar value transferred:

This value represents the dollar value of bitcoin transactions that have been transferred over a given period.

To calculate CVDD, the total dollar value transferred over time is divided by the amount of supply in circulation and multiplied by a time coefficient. The index has served as a strong support level throughout bitcoin's history.

Price floor detection: when the price of bitcoin approaches the cvdd range, it indicates the possibility of a price floor and a good opportunity to buy.

Analysis of long-term investor behavior: a sudden increase in CVDD may indicate widespread sales activity from long-term holders.

Comparison with other indicators: combining CVDD with indicators such as MVRV Z-SCORE and REALIZED PRICE can provide a better view of market trends.

Currently, the cvdd is in the equilibrium range and has not yet reached its critical ranges. This shows that the market is neither in a saturated sales situation nor a sign of a sharp drop. However, monitoring the changes in this index can help predict the next movements of bitcoin.

The cvdd index is a powerful tool for analyzing Bitcoin price floors based on the behavior of long-term holders. This index, along with other intransitive analysis metrics, can help investors identify optimal entry points in the market. Given the current position of the CVDD, the market is in a balanced situation and investors should monitor the developments in this index for subsequent decisions.