In the peak range of 2017, this indicator reached a peak of 1.1. In the peak range of 2021, this indicator also reached a peak of 1.1. Currently, the value of this indicator is 0.59. The gray line in the chart represents BTC price; the orange line represents the ratio of 'on-chain liquidity BTC market value' to 'on-chain total BTC buy-in cost market value'.

Note: If the 'historical cumulative outflow BTC amount / historical cumulative inflow BTC amount > 0.25' for a certain Bitcoin address, then the BTC remaining in that address is referred to as 'liquid BTC'.