When the price of Bitcoin reaches the previous peak of the uptrend cycle, Supply in Profit data reaches 100%.
Moreover, looking only at the red box, it appears as if the price has reached its peak. (Image 2)
Contrary to these concerns, actual cycle starts from the phase where Supply in Profit data reaches 100%, and the price rises while maintaining a certain range. (Red box)(Image 1)
In the period of 2017 - lasted 350 days, with a 1,500% increase.
In the period of 2020 - lasted 174 days, with a 349% increase.
Written by Mignolet