Historical data shows that a key indicator often reaches a peak in the middle of a bull market, about 352-354 days away from the peak of the bull market.
Looking back: After the peak of the mid-term bull market in 2016, it reached the peak at the end of 2017 354 days later.
In 2020, it also reached the peak in the first half of 2021 352 days after the peak. Now, in the middle of the bull market in 2024, the indicator has reached its peak, 57 days away from the predicted peak.
The indicator is closely related to the price of Bitcoin and the proportion of static Bitcoin on the chain. During this cycle, Bitcoin often undergoes three major adjustments (as shown by the blue arrow in the figure). #Ethereum# #BTC#