【BTC On-Chain Indicator Update】

In 2016, the second golden cross of this indicator occurred, 355 days later reached the bull peak in 2017.
In 2020, the second golden cross of this indicator occurred, 365 days later reached the bull peak in 2021.
In 2024, the second golden cross of this indicator occurred, 241 days have passed since then.

The black line in the chart represents BTC price; the orange line represents the 30-day moving average of BTC miners' total revenue in USD; the blue line represents the 365-day moving average of BTC miners' total revenue in USD.

Note: Miners' revenue includes daily mining output income & on-chain transfer fee income.