【 $BTC four-year cycle total engraving series 77】

November 2015 orange line breaks through 100%: 41 days later to the bull market recovery top
May 2019 orange line breaks through 100%: 43 days later to the bull market recovery top
May 2023 orange line breaks through 100%: 49 days later to the bull market recovery top

┌─ 🐼 Indicator details ─┐

Black line: Bitcoin price
Orange line: Bitcoin value day-sale burn multiple (VDD Multiple), showing the ratio of on-chain short-term coin-selling strength to the annual average level