Good evening, brothers.

Today I checked most of the indicators.

The purpose is to see if I can find a few data points that have indicated a peak.

You won't believe it, but I actually found one.

Currently, the only on-chain indicator that is truly 'walking on the red line' is 'almost all coins are profitable'.

What can this prove?

It can only prove that there are almost no 'deeply bound' chips on-chain, and the selling pressure potential can be released at any time, nothing else.

So we need to look at it in conjunction with other data. If MVRV-Z breaks 4 or NUPL crosses above 75%, and almost all coins are profitable while maintaining at 98-99%, it historically often means only 'the last frenzy' for a few weeks to months. We need to stay vigilant at that time.

Additionally, today the 60-day increase reached 5%, indicating that Bitcoin has been consolidating for almost 2 months with little volatility. The market has really turned into a stablecoin.

However, on the other hand, the longer the horizontal, the higher the vertical.
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Indicator analysis on July 8, 2025

Percentage of holders with more than 1 year: 62.23% (risk area when less than 55%)

Ahr999X index: 2.87 (greater than 9 is the regular investment area, less than 0.4 is the peak area)

Bitcoin market cap ratio: 65.20% (close to 40% is the peak area)

Fear and greed index: 65 (close to 100 is high risk, below 10 enters the bottom-buying range)

Bitcoin rainbow index: HODL! (Orange-red is high risk, deep blue is the bottom-buying area)

PI distance to cross: very far (very far, parallel, close to crossing, crossing (crossing is the bull market peak))

RHODL ratio: 3182 (greater than 10k is the peak area, less than 300 enters the bottom-buying range)

Jiang Zhuoer's 60-day increase: 5.68% (greater than 80% is high risk of short-term bubble)

RSI indicator: 71.25 (below 45 enters the bottom-buying range, above 85 is the peak area)

Altcoin season index: 24 (below 25 enters the low-value range, above 75 is the bubble area)

MVRV-Z index: 2.46 (below 0 enters the bottom-buying range, above 4 is the peak area)

Bitcoin ETF inflow and outflow (unit: million): 216.5
Altcoin ETF inflow and outflow (unit: million): 62.1

Regular investment and regular selling index: holding range (bottom-buying range/regular investment range/holding range/regular selling range/peak range)

Daily Bitcoin candlestick trend: upward trend (upward trend/downward trend)

Bull market peak countdown: 69 days remaining

Please indicate the source when forwarding: Bull Market Peak Guide
All of the above text is my personal opinion and does not constitute any investment advice.