📊 $BTC On-Chain Cycle Model Says: We're Not in Overbought Territory Yet
A high-conviction model tracking:
🔹 MVRV Z-Score
🔹 aSOPR
🔹 Delta LTH-STH
🔹 ETF flow momentum
All normalized into a fast oscillator showing macro cycle signals 👇
✅ > 0.7 = Overbought zone / Late-stage cycle
✅ < 0.3 = Accumulation phase
🟡 Current value: 0.41 — we’re still 41% below the overbought threshold.
Translation?
👉 We're likely in a mid-cycle zone — not overheated yet, with room to run.
