The blue horizontal wavy line below the Mayer Multiple data in the Glassnode is now a significant distance from the red horizontal line. In past cycles, when the price of Bitcoin reached the highest point of the Bull Market, the Mayer Multiple indicator also reached a high point, approaching or exceeding this red line, which is one of the indicators that can be used to sell Bitcoin in the future. Ark said that it is now the early to mid-stage of the Halving market, there are still 100 days left before the Halving, and the price generally rises massively after the Halving, which few would doubt, but this time the rise may not be as large as the previous cycle, and the price will often reach the Bull Market high 500 days after the Halving.