Monitor coinblocks destroyed when Bitcoin is spent after dormancy periods. Spikes indicate long-term holders are selling or moving Bitcoin, often correlating with market volatility and significant price movements.
About Coinblocks Destroyed
This on-chain metrics chart provides professional-grade analysis for Bitcoin and cryptocurrency markets. The coinblocks destroyed indicator is part of ChartInspect's comprehensive suite of blockchain analytics tools, designed to help traders and investors make informed decisions based on on-chain blockchain data.
Key Features
Real-time on-chain metrics data visualization
Historical Bitcoin and cryptocurrency market analysis
Interactive charting with zoom and timeframe selection
Mobile-responsive design for trading on the go
How to Use Coinblocks Destroyed
Navigate through different timeframes to analyze economic trends. Use the interactive features to zoom into specific periods and identify key on-chain signalsthat can inform your financial investment strategy.