Four-Year Cycle Total Engraving Series (17)

The peak of this indicator in June 2015 and the peak in March 2019 are 1,385 days apart. The peak of this indicator in March 2019 and the peak in January 2023 are 1,380 days apart. It has been 1,068 days since the peak of this indicator in January 2023. The upper indicator in the chart represents BTC price; The lower indicator represents the ratio of 'on-chain long-term holder purchase price' to 'on-chain short-term holder purchase price.'