Definition. Entity-Adjusted Coin Years Destroyed is the 365-day rolling sum of Coin Days Destroyed (CDD), the amount of coin days destroyed over the trailing year, computed on the entity-clean spending stream.

Technical. This version is entity-adjusted, meaning that transactions within addresses controlled by the same network participant are discarded.

Interpretation. CYD is indicative of long-term holder behaviour.

Notes. First put forward by ARK Invest. For more information on entity-adjustment and account-based metrics, read our articles here and here.