The 92% intersection line has entered the calf top range. For those who are empty-handed, pulling back is the buying point. The support point is 52000/48000.

The fishtail market before the BTC calf top is so fat~😎

One thing to keep in mind is that the calf is part of the bull, and the calf market is just a gift from the bull in the warm-up phase.

Don’t get off, don’t get off, don’t get off, say important things three times, so as not to miss the great news😏

BTC reached a calf top in 2012, with the highest indicator on the chain reaching 94%;
In 2016, BTC reached a calf top, and the indicator on the chain reached a maximum of 95%;
In 2019, BTC reached a calf top, and the indicator on the chain reached a maximum of 96%;
Currently, the indicator on this chain reaches a maximum of 92.2% (hourly data).

The black line in the figure is the price of BTC; the blue line is the number of BTC in floating profit on the chain as a percentage of the total circulation of BTC (BTC that has not been moved on the chain for >7 years is considered to be long-term dormant or lost and is excluded from the calculation).