The deep blue area has finally broken through, and we can quietly wait for the last wave of the bull market!!!!

The black line in the chart represents the price of Bitcoin, the deep blue area shows the proportion of floating profits held by long-term holders, while the light blue area represents the proportion of floating losses held by long-term holders.

Historically, crazy bull markets are often accompanied by massive sell-offs from long-term holders, creating huge downward pits (as indicated by the red arrows in the chart).

Note: The chips of long-term holders refer to those that have not been transferred on the Bitcoin chain for more than 155 days.