At the peak of Bitcoin’s bull market in 2012, the value of the relevant on-chain indicator was 7.7%;
At the peak of Bitcoin’s bull market in 2016, the indicator value was 6.2%;
At the peak of Bitcoin’s bull market in 2019, the indicator value was 6.8%;
Currently, the indicator value on the chain has risen to 15.7%.

In the chart, the black line at the top represents the price of Bitcoin ($BTC); the yellow column chart at the bottom shows the total market value of long-term Bitcoin holders on the chain who are losing money as a percentage of the total market value of Bitcoin in circulation ( 7-day moving average), the calculation process excludes Bitcoins that have not had transaction activity on the chain for more than 7 years.
#BTC #ETH #USTC #etf #鸿儒战队
Contract Championship, join the Hongru team quickly

Hongru Team has created a team on Binance ~
Save the QR code and scan it in the upper right corner of the Binance app, or click the link to join!
Waiting for you~ ⬇️❤️‍🔥No need to hang up a ladder to enter directly
s.binance.com/9R0AmW2h
Thanks ✧ෆ◞◟˃̶̤⌄˂̶̤⋆biubiu
And I, the eldest brother of the Hongru team, leads the order (⊙o⊙)
#币安合约锦标赛 #BTC #ETH #鸿儒战队 #USTC

Hongru Team has created a team on Binance ~
Save the QR code and scan it in the upper right corner of the Binance app, or click the link to join!
Waiting for you~ ⬇️❤️‍🔥No need to hang up a ladder to enter directly
s.binance.com/9R0AmW2h
Thanks ✧ෆ◞◟˃̶̤⌄˂̶̤⋆biubiu
And I, the eldest brother of the Hongru team, leads the order (⊙o⊙)
#币安合约锦标赛 #BTC #ETH #鸿儒战队 #USTC