Mean Dollar Invested Age Trickling Down, a Great Mid to Long Term Bullish Signal

🚀 Bitcoin's new all-time high now stands at ~$111.9K, with a strong chance of this mark continuing to be extended the rest of the week. Historically, a great justification that crypto is in a bull cycle is when the average age of all$BTC held is getting younger (aka moving down on this chart).

🗓️ Over the past 5 years, we have seen 3 major instances of mid to long-term bull markets, which are highlighted in this chart. Since April 16th, the Mean Dollar Age on the Bitcoin network has dropped from 441 days to 429 days. If stagnant whales continue to feed coins back into regular circulation, this will continue to make the age of the network get younger, and justify that we're continuing to stay in this unprecedented bull cycle.

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