Should note that huge monthly bars are usually "starting" or "take-off" candles or "ending" or "blow-off" candles.
My bet is that this is a "starting" candle. Note the bars in late 2020. $BTC
Oct 2021 was blow off candle for example pic.twitter.com/DA9d6oZljv

— Peter Brandt (@PeterLBrandt) March 1, 2024