BTC "coin days destroyed" spiked. Volatility is coming.

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socialtrends
Oct 15, 2019

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Token Age Consumed (aka "Coin Days Destroyed") for BTC

The last spike in this metric needs an attention. The metric represents "big movements of the old tokens".

We have previously registered 4 similar signals on Santiment plattform.

3 of them proved to be one of the best buying opportunity. 1 (the last) was a "sell signal".


It feels like we are experiencing "the weaker" copy of the "signal Nr. 3"m which took place on the 29-th of June.

The rise above 8800 is likely.

BTC
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socialtrends
Oct 15, 2019

Assets from this insight

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$ 7267.73

0.34%in last 7d