June 2015 peak to March 2019 peak: 1,385 days March 2019 peak to January 2023 peak: 1,380 days January 2023 peak to now: 1,200 days ┌── Deep Dive | Indicator Details ──┐ The chart shows the ratio of 'on-chain long-term holder average purchase cost' to 'on-chain short-term holder average purchase cost.' This ratio's peaks often correspond to the end of Bitcoin bear markets & the start of bull markets. #Bitcoin #Crypto $BTC