November 15, 2013, this indicator returned to the previous high, 14 days off from the 2013 bull market peak December 20, 2017, this indicator returned to the previous high, 4 days off from the 2017 bull market peak April 10, 2021, this indicator returned to the previous high, 3 days off from the first half of 2021 peak May 20, 2025, this indicator returned to the previous high The indicator in the chart represents the average buy price of BTC on-chain holdings with a duration of 1-2 years.