This time the high point of 120,000 dollars has triggered a moderate profit-taking behavior among long-term Bitcoin holders, which has never happened in the past decade of Bitcoin. Therefore, this bear market is unprecedented, with no historical reference. The fluctuation characteristics of the next four-year bull market cycle will also be completely new, absolutely different from past bulls.
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CryptoChan
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【Four-Year Cycle Total Engraving Series (20)】
In 2015, the indicator value was 27.3%
In 2018, the indicator value was 27.5%
In 2022, the indicator value was 27.4%
Currently, the indicator value is 26.9%
┌── 📑 𝗗𝗲𝗲𝗽 𝗗𝗶𝘃𝗲 | Indicator Details ──┐
The indicator at the top of the chart is the BTC price; the indicator at the bottom of the chart is the market value of long-term holders' coins that are currently in loss as a percentage of the total BTC market value
(Note: Bitcoins that have not moved for over 10 years on-chain are considered long-term dormant or lost and are excluded from the calculation)
In 2015, the indicator value was 27.3%
In 2018, the indicator value was 27.5%
In 2022, the indicator value was 27.4%
Currently, the indicator value is 26.9%
┌── 📑 𝗗𝗲𝗲𝗽 𝗗𝗶𝘃𝗲 | Indicator Details ──┐
The indicator at the top of the chart is the BTC price; the indicator at the bottom of the chart is the market value of long-term holders' coins that are currently in loss as a percentage of the total BTC market value
(Note: Bitcoins that have not moved for over 10 years on-chain are considered long-term dormant or lost and are excluded from the calculation)