(3/3) This is the third and final part of my study on "Ownership by Time Held".
The first two parts are in the links below:
👨🦲Hodlers: Addresses that have been holding for over one year. These are seen as long-term investors
📈 This indicator always points up. Placing an 8-week exponential moving average, it is rare to see it below it. 📅This only happened on June 6, 2011, February 12, 2018 and December 28, 2020. 🔻Every time this happened, it was a harbinger of the top of the Bitcoin price. So, if by chance the indicator is below the average again, I deduce that the price of Bitcoin will fall even more.