【Four-Year Cycle Series (28)】 In 2014, the orange line death cross below the purple line, and the bear market bottomed out 101 days later. The bear market bottomed out 130 days after the orange line death cross the purple line in 2018. The bear market bottomed out 183 days after the orange line death cross the purple line in 2022. The orange line death cross the purple line in 2026, and 40 days have passed since then. ┌── 📑 𝗗𝗲𝗲𝗽 𝗗𝗶𝘃𝗲 | Indicator Details ──┐ In the chart, the black line represents the price of #BTC; the orange line represents the Bitcoin equilibrium price (Balanced Price); and the purple line represents the average purchase cost for long-term Bitcoin holders. Note: Balanced Price = Realized Price - Transferred Price Simply put, this metric measures the "realized cost in the market minus the historical value actually spent/transferred," essentially attempting to identify the bottom area of ​​Bitcoin's "fair valuation."