【 $BTC four-year cycle total engraving series 50】 2019

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【 $BTC four-year cycle total engraving series 50】

2019 “turn to bull” phase lasted 74 days
2023 “turn to bull” phase lasted 61 days
The current “turn to bull” phase has already lasted 39 days

┌── 🐼 KPI Details ──┐

Black line: Bitcoin market cap
Orange line: Bitcoin market cap 365-day MA
Blue line: Bitcoin on-chain long-term holder cohort total market cap 365-day MA

CryptoChan

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

Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.

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