BTC Four-Year Cycle Total Engraving Series (31)

Current chart indicator rises to 0.88 In 2014, the indicator went from 0.88 to 1, taking 99 days In 2018, the indicator went from 0.88 to 1, taking 104 days In 2022, the indicator went from 0.88 to 1, taking 108 days ┌── | Indicator Details ──┐ The black line at the top of the chart represents the average purchase cost of on-chain holders who have held for ≤10 years; The green line represents the average purchase cost of on-chain holders who have held for 6 months to 10 years. The indicator at the bottom of the chart is the ratio of the green line to the black line. It’s worth noting that historically, when the black line falls below the green line (i.e., the indicator reaches 1), it often signals that the bear market bottom is essentially forming.