Bitcoin chain data suggests that the bull market has less than 300 days left, and history may repeat three major pullbacks

According to Cryptochan's latest on-chain data analysis, the proportion of BTC that has not moved for 6-12 months (weighted by Realized Cap, 7-day MA) has recently reached the mid-term peak of the bull market. This indicator indicates that the remaining time of the bull market in 2016 and 2020 is about one year.

 

Specific data comparison:

The peak of the bull market mid-term indicator in 2016 is 354 days away from the end of 2017.

The peak of the 2020 bull market mid-term indicator is 352 days away from the bull peak in the first half of 2021.

It has been 57 days since the peak of the 2024 bull market mid-term indicator, indicating that the bull market may enter a critical stage of less than 300 days.

It is worth noting that Bitcoin prices have experienced three significant pullbacks during similar periods in history (indicated by the blue arrows in the figure). Investors need to be vigilant about market volatility risks and carefully plan investment strategies to cope with possible pullbacks.

*