Daily arch: Latest data update on the proportion of chips held for 1-3 years It's been a long time since I reported the data on the proportion of 1y-3y fundraising to everyone, During this period, many friends often come to inquire about the status of this set of indicators, Therefore, after more than a month, I will come back today to quickly update you on this indicator. Let's start with the conclusion: The proportion of 1y-3y still maintains a slow upward rhythm, with a sudden drop in the daily arch and never stopping // The indicator in the attached figure is the proportion of market participants holding chips for 1-3 years, As usual, first help all new and old friends review the concept of this indicator ： ➡️ Grouping BTC chip holders based on 'holding time' ➡️ Capture chip holders with a holding time between 1y and 3y ➡️ Calculate the proportion of these people in the entire market ➡️ The lower the proportion, the fewer people in this ethnic group, usually caused by selling ➡️ The proportion has bottomed out (distribution completed), corresponding to the bull market peak of BTC ➡️ Peak in proportion (completed fundraising), corresponding to the bear market bottom of BTC For a more complete concept of indicators, please refer to the following link, which provides detailed explanations ： https://(((x.com)))/market_beggar/status/1981535929342054585 // Since the beginning of 2025 until now, the proportion of 1y-3y has maintained a very stable upward trend, The proportion has increased from about 0.11 to 0.2 today. It should be noted that ⚠️： Although I have emphasized it many times before, everyone must remember when looking at this set of data: It is not recommended to simply carve a boat, but to consider the situation under different temporal and spatial backgrounds. For example: one ️⃣ At the top of each bull market, the corresponding proportion reaches a bottom, but the bottom of the proportion is gradually rising This is enough to illustrate that since the birth of BTC, more and more buyers have chosen to hold it for the long term. two ️⃣ Slowing down the rate of increase in proportion I also specifically mentioned this in the last update (citation below), The rate of increase in this proportion is significantly lower than any previous cycle, The underlying reason may be the fundamental change in the structure of market participants. three ️⃣ How high is the bear bottom when the proportion rises? Similarly, if the previous high proportion of engraved boats is purely unfounded, It is easy to fall into the trap of overfitting (https://((x.com))/marketbeg/status/18913350317781380); In my personal opinion, if the bear market lasts as long as in the past, That proportion may indeed rise all the way to its previous high; But if the bear market time is shortened (such as arriving early), then use the proportion to reverse the bear market time, Perhaps there may be suspicion of overfitting. I personally think that assessing time is relatively difficult, Therefore, I am more inclined to use "price" as the benchmark for buying the bottom. As for when the bull market will start, I don't really care because once it's in place, we just need to be responsible for buying and wait for the good news. Golden Pit Tracking Series (4): Latest Data from the "Four Major Deep Bear Bottom Hunting Models" https://(((x.com)))/market_beggar/status/2029735400550674538 The above is today's content, hoping to be helpful to everyone