19 days after the BTC Mavericks peaked in 2016, the orange line returned to the previous high (that is, the red column dropped to 0)

21 days after the BTC Mavericks peaked in 2019, the orange line returned to the previous high (that is, the red column dropped to 0)

Currently, the orange line is 29185; the previous high of the orange line was 30540.

The black line in the picture is the price of big pie;

The orange line is the overall average buying price of bits on the chain (BTC that has not been moved on the chain for more than 7 years is regarded as long-term dormancy or lost and is excluded from the calculation)

The blue line is the previous high of the orange line

The red column is (blue line - orange line) / blue line, which is used to show the progress of the orange line returning to the previous high.

$BTC $ETH $SOL

#BTC #ETH #ORDI #sol #ai