BitcoinVector’s Optimal Signal shows current expansion is only halfway through historical timing windows, with capital rotating into Ethereum simultaneously.
Glassnode’s short-term profit metric remains well below peak levels, indicating market participants are not exiting positions or realizing large profits.
Woo’s VWAP Liquidity and Speculation Index confirm the market is not overheated, offering continued technical support for a bullish move.
Bitcoin may not have reached its peak yet, according to several market structure indicators shared by Swissblock. Data-driven analysis supports the view that further price movement to the upside remains likely.
https://twitter.com/swissblock__/status/1945073353972163002
Cycle Timing Points to Ongoing Expansion
Swissblock references @bitcoinvector’s Optimal Signal, which tracks historical Bitcoin expansion phases. Data shows that previous major Bitcoin expansions typically span 15 to 30 days. The current cycle is on day 12, suggesting more time remains before a possible top. Capital allocation into Ethereum ($ETH) is also being witnessed to a larger degree, supporting the idea that the cycle is continuing
This pattern mirrors historical trends where altcoins begin to rally after Bitcoin establishes early momentum. The ongoing rotation into ETH further suggests that the market has not reached an exhaustion phase.
Behavioral Metrics Indicate Controlled Profit-Taking
According to Swissblock, @glassnode’s Short-Term Holder Relative Unrealized Profit remains well below levels observed at previous cycle peaks. During the January and April 2024 tops, this metric spiked significantly, pointing to widespread profit realization. The current reading shows no similar surge.
This subdued behavior implies that short-term holders are not aggressively locking in gains. The lack of euphoria or panic selling provides a stabilizing effect on price action. This calm sentiment across the market aligns with continued bullish structure rather than signaling a major correction.
Bitcoin (BTC) has been on the rise recently, and there is no indication of a market peak anytime soon. By the time of this writing, Bitcoin stood at a price of $118,895 and over the last 24 hours has lost 1.76%, and in the last week has increased by 9.19%.
Liquidity and Speculation Levels Remain Manageable
Swissblock also cites analysis from @woonomic, which uses both the Speculation Index and VWAP Liquidity indicators. These tools measure the intensity of market participation and capital inflow trends. Present values remain far from previous cycle peaks.
This suggests that the market is not yet experiencing the overheating typical of tops. VWAP Liquidity, in particular, shows stable support zones, indicating sustained buyer interest. The Speculation Index has also not reached the levels associated with unsustainable trading activity.
Taken together, these signals form a consistent picture: Bitcoin’s structure remains constructive. Timing, behavior, and capital flow metrics are not yet aligned with the characteristics of a market top.
The post Key On-Chain Metrics Show Bitcoin Cycle Still Active, No Signs of Peak Yet appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
