A KOL has compiled a list of 30 indicators for market topping, and currently none of them have been met (see the first image below). I estimate that when about 10% of this list is met, the bull market will likely be over, and waiting for all indicators to be met is unrealistic. I almost forgot to mention that back in January this year, he kept posting about these indicators saying they hadn't been met, urging everyone to hold on, and as a result, the market plummeted severely in March and April. He then changed this bull market topping indicator chart to a dollar-cost averaging indicator chart. This doesn't mean that his chart is entirely useless; if you keep believing in these indicators, you are very likely to get trapped at the mountain peak and face an entire bear market.

Currently, various topping models and indices regarding BTC have not yet reached an absolute peak. However, topping means to sell off in batches while confirming that it is the late stage of a bull market; there’s nothing wrong with that. No one can sell their entire position at the highest point. Those who believe that the cryptocurrency market is becoming institutionalized and that large funds only recognize Bitcoin, believing that BTC has entered a long-term bull market (and thus continually leveraging BTC) also need to be cautious. The US stock market and BTC will inevitably face a bear market-level crash by 2025-2026, and a situation where ETH drops 30% in a single day on March 2-3 will also be unavoidable for BTC (for example, dropping from 110,000 to 80,000). The leverage and human nature of the secondary market contribute to this. BTC simply does not carry the risk of going to zero; it has good defensive and anti-drawdown capabilities.

Those who are waiting for the topping parameters to be in place before cashing out and taking profits are very likely to fail at topping again in this round. In short, independent and autonomous market judgment and trading plans are the starting point for all investment profits. Following your own plan usually yields good results, while going with the market's emotions and KOLs' slogans will ultimately lead to confusion and hesitation, resulting in a loss.