MVOCD

Median Value of Coin (Days) Destroyed (MVOCD) is used to track the average turnover of BTC in circulation as of the end of the day.

Median Value of Coin (Days) Destroyed = 30-day median of ((CDD/BTC circulation) * BTC price)

If all BTC in circulation are exchanged after holding for 1 day on average, the CDD value of the day is the amount of BTC traffic, and the product of the price represents the total market value of BTC. This indicator uses the relationship between the MVOCD as of the end of the day and the actual price to simulate the average exchange of BTC in circulation as of the end of the day. When the indicator value is close to the actual price of BTC on the day, it means that the BTC in circulation has been changed once on average.

This indicator was originally created by . For more information see .

Hans Hauge