Introduction
It seems that in recent weeks, there has been a rhythm of "one week of consolidation, one week of rise". After last week's consolidation ended, BTC surged to create an ATH this week.
Let's take a look at this week's "#Top Escape Weekly Report" content!
URPD
Currently, the accumulation above 93K is 4,230,613 coins.
Starting this week, as the price has been above 100K for some time, we have shifted to monitor the accumulation increment above 93K.
In the past seven days, there haven't been many noteworthy signals on URPD, most are chip games and transfers within the range (above 93K).
RUP & Realized Profit
For the analysis logic of RUP, please refer to the following text:
Market Barometer RUPL (II) – Strongest Top Signal & Detailed Analysis of Historical Cycle Tops
Top Signal Tracking: Schrödinger's RUP Three-Stage Divergence Has Emerged
For the analysis logic of Realized Profit, please refer to the following text:
Top Signal Tracking: Large Volume Realized Profit Reappears
As previously mentioned, since the rise from 75K, Realized Profit has started to increase, although it cannot be called absolute large volume, it is still above the normal level.
Once again, a reminder: If Realized Profit is to appear in large volumes, it must be due to the "distribution of a large amount of low-cost chips"; most of the low-cost chips were distributed from December last year to January this year. Currently, a significant portion of the volume above the average comes from the bottom-fishing chips when it dropped to 75K.
Therefore, if Realized Profit is to be used as a top escape signal, the previous large volumes cannot be used as a reference standard, since the accumulation period when it fell to 75K was not long, and RP is almost impossible to create the same large volume.
Currently, RUP still maintains the same pace as the price, with the biggest potential warning sign being the divergence of RUP, which has not yet appeared.
American fund sentiment curve
After the price created an ATH, it was met with a wave of decline; and on the American fund sentiment curve, the synchronous decline of the purple line can also be seen, indicating that the selling source during the decline is likely coming from the dominant American funds.
However, the purple line may indeed experience a pullback, and the focus, like RUP, is on divergence.
Previously, I also wrote a detailed explanation regarding the divergence of US fund sentiment. Please refer to the following text: Did you know that the attitude of American funds may also show warning signs of divergence?
If the price continues to rise in the future, but the purple line does not follow, it indicates that funds from Europe and Asia may begin to take over, absorbing the distribution from American funds. At that point, a divergence will be established, and warning signs will emerge accordingly.
Conclusion
Key Points Summary:
URPD: No special signals appeared this week, mostly chip games within the range.
RUP, Realized Profit: Monitoring whether there will be large volumes of RP and RUP divergence in the future.
US Fund Sentiment: The purple line declines with the price; pay attention to whether it will remain synchronous with the price in the future.