Cow's coming!!️【$BTC four-year cycle total engraving series 49】
March 2012: Blue-Orange crossover
July 2015: Blue-Orange crossover
April 2019: Blue-Orange crossover
January 2023: Blue-Orange crossover
Current: Blue and Orange have crossed
┌─ 🐼 On-chain data details ─┐
The blue line is the ratio of “average purchase cost of long-term on-chain holders” to “average purchase cost of short-term on-chain holders”; the orange line is the blue line’s 60-day MA.
Historically, Blue-Orange crossovers often correspond to the end of a bear market and the start of a bull market
March 2012: Blue-Orange crossover
July 2015: Blue-Orange crossover
April 2019: Blue-Orange crossover
January 2023: Blue-Orange crossover
Current: Blue and Orange have crossed
┌─ 🐼 On-chain data details ─┐
The blue line is the ratio of “average purchase cost of long-term on-chain holders” to “average purchase cost of short-term on-chain holders”; the orange line is the blue line’s 60-day MA.
Historically, Blue-Orange crossovers often correspond to the end of a bear market and the start of a bull market