Average Dormancy
- 1M1M
- 3M3M
- 6M6M
- 1Y1Y
- ALLALL
- LinearLinear
- LogLog
About this metric
What it measures
Average Dormancy divides daily Coin Days Destroyed by the BTC volume transferred that day. The result, in days, is the volume-weighted average age of the coins moved: larger transfers carry more weight than smaller ones.
How to read it
Rising Dormancy means each BTC transferred carries more accumulated age, indicating a greater contribution from older coins. Falling readings mean younger coins dominate the flow. On July 4, 2025, Dormancy reached about 1,608 days, far above its full-history median of roughly 8.7 days.
A large transfer of very old coins can overwhelm a day of ordinary activity, while rapid reuse of young coins enlarges the denominator and pulls the mean down. Internal wallet moves are included in this version, so a spike does not establish that old coins reached the market.
- Frequency
- Daily (UTC 00:00)
- Asset
- BTC
- Category
- On-chain Indicators
- Type
- Single value
- Unit
- days
- Data since
- 2009-01-03
- Latest data
- 2026-10-27
- Data points
- 6,247
FAQ
How is Average Dormancy calculated from CDD?
Divide the sum of transferred BTC multiplied by their age in days by the total BTC transferred. Unlike CDD, which measures total age spent, Dormancy expresses age per BTC moved.
Why can Dormancy rise when transfer volume falls?
If CDD stays steady while less BTC moves, the same destroyed age is spread over a smaller volume. The ratio rises even without a larger total amount of age being spent.
Does Dormancy measure the age of all circulating bitcoin?
No. It only covers coins transferred during the observation period. Unmoved and lost coins do not affect the daily average unless they are spent.
