This chart combines two key pieces of information: the price of Bitcoin over time and the percentage drawdown from the most recent all-time high (ATH) within the Bull Run it belongs to. It helps visualize the relationship between Bitcoin’s price movements and how far it is from its highest recorded value. Here is an explanation of the chart components:

1. Bitcoin Price (Line – White Color)

The white line represents the price of Bitcoin over time in USD. As the line progresses, it shows the fluctuations in Bitcoin’s value during each period, providing a clear view of its price performance. Observing this line helps understand Bitcoin’s market growth or decline.

• What You See: The white line follows Bitcoin’s price in dollars, indicating its fluctuations over time.
• Important Insight: Spikes and drops in Bitcoin’s price may be related to market events or shifts in investor sentiment. This line gives an overall sense of how the asset is being valued in the market.

2. Drawdown from Last ATH (Bars – Red Color)

The column series, represented by red bars, shows the percentage change from the most recent all-time high (ATH) of Bitcoin within this Bull Run cycle. This measures how much Bitcoin’s price has dropped (drawdown) since its highest value in this uptrend cycle.

• Negative Values (Red): When the price is below the ATH, the bars appear in red, representing the percentage decline from the highest recorded value.