BTC Four-Year Cycle Total Engraving Series 72

July 2012 Blue Line Upturn: 1.2 months later, reached bull market recovery peak November 2015 Blue Line Upturn: 1.5 months later, reached bull market recovery peak May 2019 Blue Line Upturn: 1.4 months later, reached bull market recovery peak June 2023 Blue Line Upturn: 1.0 months later, reached bull market recovery peak ┌── Indicator Details ──┐ Black Line: Bitcoin circulating market cap Blue Line: Total market cap of long-term holders' on-chain tokens (365-day MA)