Bitcoin cycle bottom - when? (update)

Bitcoin-cycle-bottom-when-update

UTXOs over 6 months old (they are Long Term Holders because they keep $BTC over 155 days) take almost 70% of the realized cap. 
In the previous cycles sell-off: Sep 15, April 19 this indicator reached over 70% as well and then 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. 

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.

$BTC is approaching the bottom of the cycle, but has not yet formed.
Past performance does not guarantee future results. Remember to manage risk.