【Four-Year Cycle Series (29)】 2014 #BTC accumulated 22 days underwater to the bear market bottom 2018 #BTC accumulated 26 days underwater to the bear market bottom 2022 #BTC accumulated 26 days underwater to the secondary bear market bottom ($17.6k) This round has so far seen #BTC accumulated 40 days underwater ┌── 📑 𝗗𝗲𝗲𝗽 𝗗𝗶𝘃𝗲 | Indicator Details ──┐ The black line in the chart represents the market capitalization of Bitcoin; the blue line represents the market capitalization of Bitcoin long-term holders' holdings (365d-MA). A black line below the blue line is defined as BTC being underwater.