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Chart description
Binary Coin Days Destroyed (Binary CDD) is computed by thresholding Adjusted CDD by its average over time, i.e. taking the mean destruction over time and asking whether there were more Adjusted CDDs destroyed today than on average. Binary CDD is used in order to minimize the impact of exchange movements, which do not accurately reflect behavior of the long-term holders. This metric was developed by Hans Hauge and Ikigai. For more information see this post.