BTC on chain indicator updateIn the mid-term of the bull market in 2016, this indicator reached its peak, with a difference of 354 days from the bull peak at the end of 2017 In the mid-term of the 20-year bull market, this indicator reached its peak, which is 352 days away from the bull peak in the first half of 2021 In the middle of the 24 year bull market, this indicator reached its peak, and it has been 213 days since then It is worth mentioning that during this period in history, the coin price has experienced three major level corrections (blue circle in the figure)