BTC Four-Year Cycle Series 68

2015 Bear Market Bottom (Right Side): 2.1 months after red turned green to reach the bull market recovery peak 2019 Bear Market Bottom (Right Side): 2.9 months after red turned green to reach the bull market recovery peak 2023 Bear Market Bottom (Right Side): 3.0 months after red turned green to reach the secondary peak of the bull market recovery 2026 Bear Market Bottom (Right Side): 0.9 months since red turned green ┌── On-Chain Data Details ──┐ The indicator at the bottom of the chart is the "Bitcoin Short-Term Holder Exchange Profit/Loss Ratio," which represents the profit ÷ loss realized by short-term investors transferring coins to exchanges (30-day moving average). >1 (Green): Mainly profit-taking <1 (Red): Mainly cutting losses/surrendering