Current altseason index stands at 60/100, while the Bull Market Peak Indicators dashboard of 30 on-chain metrics shows no signs of overheating yet.
🟠None of the indicators have crossed into peak zones.
🟠Average readings remain far from historic extremes (Pi Cycle Top, MVRV Z-Score, Puell Multiple).
🟠Progress toward potential “peak levels” is only 20-60% on most metrics.
🟠Final dashboard signal: 100% Hold / 0% Sell.
Additional signals:
🟠Short-Term Holder Supply remains low, suggesting little pressure from “weak hands”.
🟠MVRV Z-Score is ~2.2, far below the historical danger zone (>5).
🟠Puell Multiple is 1.3, still modest compared to peak miner profitability levels.
Caveats:
🟠Many of these models were designed for earlier retail-driven cycles and may understate institutional impact (ETFs, funds).
🟠Declining volatility means old thresholds might no longer apply.
🟠While classic metrics suggest the market is not at its top, institutional flows could reshape what a “peak” looks like in 2025 compared to 2017 or 2021.