On-chain data flashes multiple bear market bottom signals Cry | .

On-chain data flashes multiple bear market bottom signals

Crypto markets have historically been cyclical based on Bitcoin halving events. Bitcoin halvings happen every time 210,000 blocks are mined — roughly every four years. The last halvings occurred in 2012, 2016, and 2020.

Supply P/L Bands depict the total amount of Bitcoin supply in either profit or loss. The blue line shows the total number of Bitcoin in profit; the green line shows the number currently making a loss. The blue and green lines have recently converged for the fifth time in Bitcoin’s history. The previous events were during bear markets, close to the cycle’s lowest mark.

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