What am I looking at?

This block shows an incredible amount of BTC sent a single block on the blockchain, clearly visible by the large upward spikes in the image.

Is this any indication this could be the bottom for Bitcoin? Over 1.7M Bitcoin days have been destroyed. 

View Block 554359 Info:

Block Hash (See for yourself; search on Symphony) 00000000000000000014d3ef12ed883375253ffb130ede76f30babc20c700dca

• Transactions: 959
• Output Total: 53,877.85 BTC
• Output in USD: $192,064,837! (Price of $3564.82)
• Bitcoin days destroyed: 1,736,224

"Bitcoin days destroyed," was created because 1 BTC could be sent thousand times creating fake volume. The idea behind "Bitcoin days destroyed," is to consider the number of days each bitcoin has not moved from that address. If you have 1 BTC that's not moved in 100 days, when it moves to another address it would have the same weight in the volume as 100 bitcoin that were transferred yesterday. *reference

-- Edited by Classic_Symphony_Kevin on Tuesday 18th of December 2018 08:05:45 PM

-- Edited by Classic_Symphony_Kevin on Tuesday 18th of December 2018 08:08:51 PM