June 2015: 183 days from the black line crossing above the blue line to the bull market recovery peak
February 2019: 128 days from the black line crossing above the blue line to the bull market recovery peak
January 2023: 182 days from the black line crossing above the blue line to the bull market recovery peak
This cycle: 100 days have passed since the black line crossed above the blue line
Black line: $BTC circulating market cap
Blue line: $BTC on-chain long-term holders (holding coins for >155 days) total holdings market cap, 365-day moving average
February 2019: 128 days from the black line crossing above the blue line to the bull market recovery peak
January 2023: 182 days from the black line crossing above the blue line to the bull market recovery peak
This cycle: 100 days have passed since the black line crossed above the blue line
Black line: $BTC circulating market cap
Blue line: $BTC on-chain long-term holders (holding coins for >155 days) total holdings market cap, 365-day moving average