I am here again to recharge everyone's faith, the bull is still here.
In the mid-2016 bull market, this indicator peaked, 354 days away from the bull top at the end of 2017.
In the mid-2020 bull market, this indicator peaked, 352 days away from the bull top in the first half of 2021.
In the mid-2024 bull market, this indicator has peaked, 75 days have passed since then.
The upper indicator in the chart shows the BTC price; the lower indicator shows the proportion of BTC that has not moved on-chain for 6-12 months (weighted by Realized Cap, using a 7-day MA).
It is worth mentioning that historically, during this period, the coin price has experienced three major corrections.
A bull market needs significant corrections; only after significant corrections can a big bull market occur. This time, many three-fold and five-fold leverages have been washed out, so do not use leverage in spot trading.
