bitcoin:native Four-Year Cycle Total Engraving Series 55

2012 bull market recovery phase wrap-up, last dip before the main surge: this indicator dropped below 60% at its lowest 2016 bull market recovery phase wrap-up, last dip before the main surge: this indicator dropped below 60% at its lowest 2019 bull market recovery phase wrap-up, last dip before the main surge: this indicator dropped below 55% at its lowest (excluding the subsequent 3/12 black swan event) 2023 bull market recovery phase wrap-up, last dip before the main surge: this indicator dropped below 55% at its lowest ┌── On-Chain Data Details ──┐ The black line at the top of the chart represents Bitcoin price; the indicator at the bottom of the chart shows the percentage of Bitcoin supply in circulation that is in a floating profit state (chips that haven’t moved for over 10 years are considered long-term dormant or lost and excluded from the calculation).