比特币 (BTC) 销毁币天数 (CDD) 刚刚观察到比 2018 年 11 月更大的峰值

正如 CryptoQuant 社区经理 Maartunn 在 X 上的一篇文章中指出的那样，BTC CDD 刚刚经历了巨大的飙升。

On-chain data shows the Bitcoin Coin Days Destroyed (CDD) has reached a new all-time high (ATH). Here’s what could be behind this trend.

链上数据显示，比特币销毁天数（CDD）已达到历史新高（ATH）。以下是这一趋势背后可能的原因。

Bitcoin CDD Has Just Observed A Spike Larger Than November 2018

比特币 CDD 刚刚观察到比 2018 年 11 月更大的峰值

As highlighted by CryptoQuant community manager Maartunn in a post on X, the BTC CDD has just seen a massive spike. The CDD is an on-chain indicator that is based on the concept of “coin days.”

正如 CryptoQuant 社区经理 Maartunn 在 X 上的一篇文章中强调的那样，BTC CDD 刚刚出现了大幅飙升。 CDD是一个基于“币天”概念的链上指标。

A coin day is a quantity that 1 BTC accrues after staying dormant on the blockchain for 1 day. So, when a coin remains on the same wallet for some number of days, it gains an equal number of coin days.

币日是指在区块链上休眠 1 天后 1 BTC 累积的数量。因此，当一枚硬币在同一个钱包中保留一定天数时，它会获得相同数量的硬币天数。

When such a dormant coin is finally moved on the network, its coin days counter naturally resets back to zero, and the coin days it had been carrying before are said to be “destroyed.” The CDD keeps track of the number of such coin days being destroyed across the network on any given day.

当这种休眠币最终在网络上移动时，其币天数计数器自然会重置为零，并且其之前携带的币天数被称为“销毁”。 CDD 会跟踪任意一天在网络上销毁此类代币的天数。

Now, here is a chart that shows the trend in the Bitcoin CDD over the history of the cryptocurrency:

现在，下面的图表显示了比特币 CDD 在加密货币历史上的趋势：

As you can see in the above graph, the Bitcoin CDD has just registered a huge spike, showing that transactions on the network have reset a lot of coin days.

正如您在上图中看到的，比特币 CDD 刚刚出现了巨大的峰值，表明网络上的交易已经重置了很多币日。

Typically, such spikes in the indicator are linked to movements from long-term holders (LTHs). Investors belonging to this cohort tend to HODL tokens for extended periods, so they naturally accumulate a large number of coin days.

通常，该指标的此类峰值与长期持有者（LTH）的变动有关。属于这一群体的投资者倾向于长期持有代币，因此他们自然会积累大量的代币天数。

When these resolute hands finally make transactions, these accumulated coin days get flushed, causing the metric to attain a high value. Usually, the LTHs break their silence when they want to sell, so spikes in the indicator can be a potential sign that these diamond hands are partaking in a selloff.

当这些坚定的手最终进行交易时，这些积累的币日就会被冲走，导致指标达到一个高值。通常，当 LTH 想要卖出时，他们会打破沉默，因此指标的峰值可能是这些钻石手正在参与抛售的潜在迹象。

During the latest spike in the CDD, 518.2 million coin days have been destroyed. Notably, as per the chart, this is even larger than the 397.4 million all-time high observed during the November 2018 crash.

在 CDD 最近一次飙升期间，5.182 亿个币日被销毁。值得注意的是，根据图表，这一数字甚至高于 2018 年 11 月崩盘期间观察到的 3.974 亿的历史高点。

On the surface, it would appear that the most dormant of LTHs have just made their biggest-selling move in history. However, looking a bit deeper, it becomes clear that there is a specific reason for this CDD spike: the Mt. Gox transactions.

从表面上看，最休眠的 LTH 似乎刚刚做出了历史上最大的抛售举动。然而，更深入地观察，很明显，CDD 飙升有一个特定的原因：Mt.Gox 交易。

The bankrupt cryptocurrency exchange had earlier revealed plans to pay creditors, so these latest transfers have likely been related to them.

这家破产的加密货币交易所早些时候透露了向债权人付款的计划，因此这些最新的转移可能与他们有关。

As the Bitcoin stack in the platform’s custody had been dormant for quite a while, it would have naturally amassed many coin days. The movement of these coins has meant that a record-high number of coin days have been destroyed inside a short window.

由于平台托管的比特币堆栈已经休眠了相当长一段时间，自然会积累很多币日。这些代币的流动意味着创纪录的代币天数在短时间内被销毁。

BTC Price

比特币价格

At the time of writing, Bitcoin is trading at around $67,500, down 4% over the past week.

截至撰写本文时，比特币交易价格约为 67,500 美元，较过去一周下跌 4%。