Bitcoin: Value Days Destroyed (VDD) Multiple

This indicator helps visualize Bitcoin market conditions by categorizing them into four heat zones: Cold, Cool, Warm, and Hot. It uses data from Bitcoin prices and trading volumes to determine these zones.

Key Concepts:

Heat Zones:

• Cold Zone: Market is very cold.
  
• Cool Zone: Market is cool.
  
• Warm Zone: Market is warming up.
  
• Hot Zone: Market is very hot.
  

Data Sources:

• Bitcoin Prices: High and low prices.
  
• Market Capitalization: Realized market cap of Bitcoin.
  
• Trading Volume: Total volume of Bitcoin transferred.
  

Table: Displays a legend of the heat zones and the z score of 1 year.