Wenry
BTC:Average Dormancy - Highest level of since February 2022
'Bitcoin: Average Dormancy' is an on-chain indicator that calculates the Average Dormancy of each coin from the last time it was traded for all coins. It tends to rise when there's high selling pressure. Past statistics show that this index frequently rises during the first technical rebound after a large price drop. Recent FTX incident also showed a similar pattern to the past statistics, and if $BTC, which has not moved for a long time, moves within a few days and there is a stronger movement in the Average Dromancy again in the future, it is necessary to focus more on risk management from a trading perspective.