The current blue column is recovered again
The black line in the figure is the BTC price; the orange line is the overall average purchase price of BTC on the chain; the pink line is the average purchase price of short-term coin holders on the chain. When:
Total average purchase price < coin price < average purchase price of short-term coin holders, marked with blue columns;
Coin price < total average purchase price < average purchase price of short-term coin holders, marked with yellow columns;
Short-term coin holders' average purchase price < total average purchase price, marked with red columns