BTC Four-Year Cycle Series Update

In the history of Bitcoin, during the early stages of each bear market bottoming-out period, the black line often sequentially breaks below the orange line and the blue line. Currently— Black line: $80,417 Orange line: $75,911 Blue line: $70,876 ┌── Indicator Details ──┐ Black line: Average purchase cost of short-term holders on-chain Orange line: Average purchase cost of 0-5 year investors on-chain Blue line: Average purchase cost of 0-7 year investors on-chain