In June 2020, this indicator broke 0.12, and then #BTC had a small surge.

In September 2020, this indicator broke 0.12, and then #BTC had a big surge.

In October 2024, this indicator broke 0.12, and then #BTC had a small surge.

Recently, this indicator broke 0.12.

The indicator in the chart represents the concentration of long-term holders (holding period > 155 days) in the range of ±10% of the Bitcoin spot price. That is, among the chips of long-term holders, the number of chips with a buying cost within ±10% of the spot price accounts for a percentage of the total chips held by long-term holders.