Fascinating chart, my interpretation of this chart:

The levels are higher than what we have seen during the time prior to the 2020 halving.

Price has been hovering between 27k-31k currently.

No one will ultimately know what the new all-time high will be the year after the halving next year (2025).

If anyone was accumulating when BTC ranged from around 3.5k-12k prior to the 2020 halving, they would be doing well currently.

Bitcoin has a predictable yet unpredictable behavior.

Globally, all one needs to understand is that this is Bitcoin ❄️ winter and we are currently in a time frame prior to the halving.

Stay humble and act appropriately…..