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CryptoChan
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The indicator peaked in the middle of the 2016 bull market, 354 days away from the bull peak at the end of 2017
The indicator peaked in the middle of the 2020 bull market, 352 days away from the bull peak in the first half of 2021
The indicator peaked in the middle of the 2024 bull market, 75 days have passed
The upper indicator in the figure is the BTC price; the lower indicator is the proportion of BTC on the Bitcoin chain that has not moved for 6-12 months (weighted by Realized Cap, using 7-day MA)
It is worth mentioning that historically, the coin price has experienced 3 large-scale callbacks during this period (blue circle in the figure)
The indicator peaked in the middle of the 2020 bull market, 352 days away from the bull peak in the first half of 2021
The indicator peaked in the middle of the 2024 bull market, 75 days have passed
The upper indicator in the figure is the BTC price; the lower indicator is the proportion of BTC on the Bitcoin chain that has not moved for 6-12 months (weighted by Realized Cap, using 7-day MA)
It is worth mentioning that historically, the coin price has experienced 3 large-scale callbacks during this period (blue circle in the figure)
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