Dormancy Flow - What's Going On?

Dormancy is looking at coin days destroyed, which wee just described. And th it's adjusting it for a volume. So essentially we're getting this oscillator of spending from older coins in the market d. Once we broke below thot confirmation we kind of a broken bull market structure. We bounced off this in 20 19 during that miny bull run, as well as earlier this year. But even if you want to make an argument that, ok, well, we topped it out in 20 19 and earlier this year, at the black line, we're still, we'restill now below half way between that and the accumulation zone.