Methods of analysis
The rise in the figures represents the beginning of a shift of long-term holders out of the market, while the age of the currency is getting younger as it moves into the hands of short-term holders.
Data declinein the name ofShort-term holders lose more than long-term holders.
The data shows that the last three bear market bottoms were all below 1 and in the blue zone.
Current Phenomena
Short-term holders have suffered more severe losses than long-term holders, a phenomenon that has occurred in the past when bear market moves have cut off leeks.
Watch for a green zone in the short to medium term, as it has historically done.
Although different data will inform us differently, we have to consider whether the market conditions and factors in the real world will be different from the past history. Taking into account the decreasing volatility of each Cycle, cryptocurrency applicability, demand, etc., I personally think that the chances of entering the blue zone are very low.
Thinking patterns have to be trained slowly, otherwise it is easy to be carried away by a single message derived from analyzing data and various information.