Four-Year Cycle Total Series (27)

2014 BTC underwater for a total of 124 days before hitting the bear market bottom 2018 BTC underwater for a total of 166 days before hitting the bear market bottom 2022 BTC underwater for a total of 191 days before hitting the bear market bottom This cycle so far BTC underwater for approximately 52 days ┌── | Indicator Details ──┐ The gray line in the chart represents Bitcoin price The green line in the chart represents the Spent Price of long-term Bitcoin holders, which is the average purchase cost of Bitcoin sold by long-term holders over a certain period (e.g., 7 days) When the gray line is below the green line, it is defined as BTC underwater