The sum of the total profit and total loss of all #BTC that moves on the off-site chain every day is regarded as the denominator, where:

The total profit of long-term holders' chips that moved in a profitable state as a percentage of the denominator is the red area;

The total loss in the denominator of long-term holders' chips that moved at a loss is the light red area;

The total profit of short-term holders' chips that moved in a profitable state as a percentage of the denominator is the blue area;

The total loss in the denominator of short-term holders' chips that moved at a loss is the light blue area.

It can be seen that the light blue area is always very prosperous in the bear bottom range, which can play a constructive role in judging whether the large cycle enters/leaves the bear bottom range.