VDD Multiple
Valuation Models
Value Days Destroyed multiple — coin-days destroyed valued in USD, normalised by its yearly trend. Spikes flag old, high-value coins distributing near tops.
Current Value
0.7689
As of
2026-10-16
Z-Score
—
Signal
No threshold
Methodology
Open, reproducible — computed from our own archive node
Definition
Value Days Destroyed Multiple — daily USD value-days-destroyed, normalized by its own trailing-year average. Flags dollar-weighted old-coin distribution near tops.
Formula
VDD_mult = (CDD × price) / rolling₃₆₅_mean(CDD × price)How we compute it
VDD = CDD × price (USD coin-days destroyed). The multiple divides today's VDD by its trailing ~365-day mean (min 30 days). Unitless and NaN-safe.
Interpretation
Values above 1 mean more dollar-weighted old-coin spending than the trailing-year norm; sustained high readings cluster near cycle tops.
Caveats & limitations
- ·A zero trailing baseline yields NaN rather than a spurious value.
Current VDD Multiple reading
As of 2026-10-16, Bitcoin’s VDD Multiple is 0.769, compared with 0.745 one year earlier (2025-10-16). The series has 5,875 daily readings from 2010-09-16 to 2026-10-16, computed from our own full-archive Bitcoin node and refreshed every day.
Historical extremes
The highest VDD Multiple on record is 71.49 on 2011-04-29; the lowest is 0.029 on 2011-11-06. Readings near either end of that range have historically coincided with cycle turning points — use the chart above to see where today sits relative to past extremes.
Read it with
- Realized Cap (true cost basis) — Realized cap computed coin by coin: every unspent output valued at the price on the day it was created, from our own node.
- Realized Cap (legacy seeded estimate) — The realized-cap estimate published until 2026-10-12: anchored to hand-entered reference values, with daily changes filled in between.
- Realized Price (true cost basis) — True cost-basis realized cap divided by live supply — the average price at which every coin last moved.
- Puell Multiple — Daily miner revenue divided by 365-day average.
- Stock-to-Flow — Existing supply divided by annual new issuance.
Data & method
Source: computed from raw UTXO data on OnChainLab’s own Bitcoin node — no third-party data vendor. Category: Valuation Models. Last updated 2026-10-16. The full series is free to download as JSON or as part of the full daily CSV, and the published dataset is cryptographically committed — you can verify it yourself. Browse all metrics.