Bitcoin cycle bottom - when?

Bitcoin-cycle-bottom-when

$BTC is getting close to the cycle bottom.

Now UTXOs over 3-6 months old (they are Long Term Holders because they keep $BTC over 155 days) take almost 80% of the realized cap. 
In the previous cycles sell-off: Dec 11,  Jun 15, March 19 this indicator reached over 80% as well and started decreased. 
As you can see value is still rising so it's not formed bottom yet but is much closer. 
I will monitor this chart and make update from time to time. 

Past results do not guarantee future results. Remember to risk management. 

Realized Cap definition - UTXO Age Bands shows the distribution of realized cap of a specified age band.
Each colored band represents the ratio of the Realized Cap of UTXOs in existence, that were last moved within the denoted time period.
Realized Cap is calculated by valuing each UTXO by the price when it was last moved.
This indicator summarizes the capitalization held by long-term and short-term holders.