BTC Four-Year Cycle Series #70

2018 bear market bottom, this indicator hit its lowest point: 6.6 months later, Bitcoin reached the bull market recovery peak. 2022 bear market bottom, this indicator hit its lowest point: 6.0 months later, Bitcoin reached the bull market recovery secondary peak. 2026 bear market bottom, this indicator hit its lowest point: 2.7 months have passed since then. ┌── On-Chain Data Details ──┐ The indicator at the bottom of the chart (SLRV) measures the ratio of short-term Bitcoin velocity to the velocity of mid-to-long-term holders = (24-hour realized HODL wave) ÷ (6-month to 1-year realized HODL wave).