【 $BTC Four-Year Cycle Total Engraving Series 58】
Engraving 2019: There are still two big waves
Engraving 2023: There is still one big wave
┌── 🐼 On-chain data details ──┐
The upper indicator in the chart is the Bitcoin price; the lower indicator in the chart is the Bitcoin on-chain short-term holder MVRV (calculated using a 4-year rolling window), as well as its 5 standard deviation lines: +2σ, +1σ, 0σ, -0.8σ, -1.6σ
Engraving 2019: There are still two big waves
Engraving 2023: There is still one big wave
┌── 🐼 On-chain data details ──┐
The upper indicator in the chart is the Bitcoin price; the lower indicator in the chart is the Bitcoin on-chain short-term holder MVRV (calculated using a 4-year rolling window), as well as its 5 standard deviation lines: +2σ, +1σ, 0σ, -0.8σ, -1.6σ
