The CBBI Index, which stands for Colin Talks Crypto Bitcoin Bull Run Index, is an index developed by Colin Talks Crypto, a well-known analyst and commentator in the cryptocurrency community who is particularly active on YouTube. Its goal is to provide a comprehensive reading of the Bitcoin market's position in its cycle by combining various technical indicators and on-chain metrics.

The CBBI Index summarizes all these indicators and calculates a final score, and the value of this score tells us whether the price of Bitcoin is close to the beginning of its bullish cycle or near the end of its bullish cycle.

Instead of relying on a single volatile indicator, the CBBI Index aggregates nine key metrics, including the MVRV ratio, the RHODL ratio, NUPL, and reserve risk.

The result is expressed as a score from 0 to 100:

A score close to 100 indicates that the market is in a state of excessive overheating and that the final peak of the cycle is on the horizon, thus there is a risk of a downturn.

Conversely, a low score (close to 0) suggests a potential end to the bear market and an increased likelihood of a bullish cycle reversal.

By looking at the CBBI index chart (the green curve on the chart below) overlaid with the price of Bitcoin, we can see that the CBBI Index has been highly relevant in identifying the beginnings and ends of Bitcoin's bullish cycles.$BTC $BTC $BTC