BTC Four-Year Cycle Series #51

2022 Bear Market Bottom: This indicator stayed below the orange line for 65 days Current Bear Market Bottom: This indicator stayed below the orange line for 78 days In both of the last two bear market bottoms, there was a sufficient dip-buying window of over two months. ┌── On-Chain Data Details ──┐ The indicator at the bottom of the chart represents the ratio of 'Total Unrealized Profit of Bitcoin Network' to 'Total Cost Basis of Bitcoin Network.' The orange line marks the '-1 standard deviation' of this ratio.