Bitcoin Average Dormancy

New Views of a Classic On-Chain Metric

David Puell
Jun 21 · 6 min read

Fearful Symmetry: Accumulation and Distribution

Supply-Adjusted Dormancy

DUA Ratio (by Reginald Smith)

Dormancy Flow (by David Puell)

Caveats

Acknowledgements

Sources and Data

Authors

Adaptive Capital

Adaptive Capital is a cryptocurrency hedge fund with a focus on on-chain analytics.

David Puell

Written by

Head of Research @ Adaptive Capital

Adaptive Capital

Adaptive Capital is a cryptocurrency hedge fund with a focus on on-chain analytics.