The peak of the red column in 2015 is 753 days away from the peak of the BTC bull market at the end of 2017

The peak of the red column in 2019 is 703 days away from the peak of the BTC bull market in the first half of 2021

It has been 546 days since the peak of the red column in 2023

The black line in the figure is the BTC price; the blue line is the 350-day MA of the BTC price; the orange line is the previous high value of the blue line; the red column is: (orange line - blue line) / orange line, which is used to visualize the gap between the blue and orange lines