June 2015: 183 days from black line crossing blue line to bull market recovery peak February 2019: 128 days from black line crossing blue line to bull market recovery peak January 2023: 182 days from black line crossing blue line to bull market recovery peak This cycle: 100 days since black line crossed blue line ┌── On-Chain Data Details ──┐ Black line: BTC circulating market cap Blue line: BTC on-chain long-term holders (holding >155 days) total market cap 365-day moving average