Blocks since the halving
where we are in the four-year issuance clock
How far through the current four-year issuance era the network is. It is pure calendar, but the four-year rhythm is the frame most people hang the cycle on.
DefinitionPure chain geometry: blocks elapsed since the most recent halving. Carried as a series so the cycle dashboard reads its timing from the same place as everything else.
LimitIt is a clock, not a signal. It was rejected from the cycle ribbon because it only ever counts upward and so carries no information about whether the market is hot or cold.