【Four-Year Cycle Series (27)】 2014 #BTC underwater for a cumulative 124 days to the bear market bottom 2018 #BTC underwater for a cumulative 166 days to the bear market bottom 2022 #BTC underwater for a cumulative 191 days to the bear market bottom This round has so far seen #BTC underwater for a cumulative total of approximately 52 days ┌── 📑 𝗗𝗲𝗲𝗽 𝗗𝗶𝘃𝗲 | Indicator Details ──┐ The gray line in the chart represents the Bitcoin price The green line in the chart represents the Bitcoin long-term holder's spending price, which is the average purchase cost of Bitcoin long-term holders selling their holdings over a period of time (e.g., 7 days) When the gray line is lower than the green line, it is defined as BTC underwater.