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OLD COINS, CDD AND VDD

Are Old Bitcoins Waking Up?

When Bitcoin held for five years or more starts moving, history says it matters.

Usually daily
Old Bitcoin moving over time chartmaketomaketo.com/indicator/old-coins0204060801002013201520172019202120232025TODAY82

How busy old-coin movement has been, ranked against its trailing four years. The tall peaks (near 100) are bursts of long-held coins waking up — historically clustered near cycle tops; the troughs are the quiet stretches.

Latest displayed reading: 82.3 on Aug 5, 2026. This view shows 1,024 dated readings from Jan 6, 2013 to Aug 5, 2026. The latest displayed reading is higher than the first. The displayed low is 0.1 on Oct 10, 2022. The displayed high is 100 on Apr 5, 2013.

Inspect a chart date

Arrow keys move one plotted point. Home and End jump to the first and latest points.

  • Old-coin activity score (selected): 82.3

  1. What’s the read right now?

    WAKING UP

    Old coins are waking up while price rises — long-time owners are starting to take profit.

    ↑ Old-coin activity has been climbing

  2. How does that compare to the past four years?

    Old-coin movement is at the 82th percentile of the last four years — near the busy end.

    Deep sleepHeavy selling

  3. Who’s sitting on the oldest coins?

    The old supply

    About a third of all Bitcoin hasn’t moved in five years or more. The deepest slice — still untouched after a decade — is the largest. Some of it is lost for good; the rest is the patient deep base.

    5 – 7 years7.5%
    7 – 10 years8.3%
    10+ years17.7%
    Held five years or more33.6%

  4. Does the dollar value of those coins change the read?

    Price-adjusted view (VDD)

    This version weights each move by Bitcoin’s price at the time — the dollar value changing hands, not just the volume.

    Today’s price-adjusted read: around its usual level
    QuietestHeaviest

    Where the dollar-weighted read sits across its recent range.

    The raw and price-adjusted views are telling slightly different stories. When they diverge, price is usually the cause — the raw view is generally the more reliable one.

  5. What’s changed recently?

    • Old coins have been waking up for the past 4 days.
    • Old-coin movement has been picking up over the past six months.
    • 17.7% of all Bitcoin hasn’t moved in ten years or more.
    • 33.6% has sat untouched for five years or more.

  6. What would change this read?

    • If old-coin activity climbs while price is rising, that has historically signalled profit-taking near tops.
    • A sharp spike during a price drop usually signals give-up selling — painful, but historically close to bottoms.
    • Watch whether this keeps building or fades — sustained movement is the part that has mattered.
How old are the coins that are moving? →
The average age of every coin being spent each day.
Patient holders →
The wider base — every coin held over a year.
How long has Bitcoin been sitting still? →
The full age map of every coin.
Profit or pain? →
Whether holders are sitting in profit or loss.

Understanding Old Coin Activity

Not all Bitcoin movements carry the same weight. A coin held for three years moving is a far bigger deal than a coin bought yesterday moving. This page tracks the coins that have sat untouched the longest — the deep holders — and watches whether they're starting to wake up.

When old coins sit still through a price drop, that's confidence: owners who've lived through worse aren't selling. When they start moving during a rally, that's usually profit-taking — and in past cycles, sustained old-coin movement during a run-up has shown up near the top.

Five-year-plus coins are the cleanest read because that age filters out anyone trading the current cycle — what's left is the strongest base on the network. Under the hood this draws on two long-standing measures of old-coin movement, Coin Days Destroyed and its dollar-weighted cousin Value Days Destroyed, but you never need those names to read the page.