#Bitcoin Coin Years Destroyed (CYD) is the cumulative sum of a | Glassnode
#Bitcoin Coin Years Destroyed (CYD) is the cumulative sum of all coin days destroyed in the last 365-days. CYD is trading at levels similar to 2013, but is still far below the 2017 top.
This suggests old hands have not distributed coins to the same extent as last cycle, and instead prefer to hold onto their coins. This is especially true given #Bitcoin is older and thus more coin days are in the system.
