Has the top already been reached?

Has everyone noticed that if BTC has already completed its peak, then all the bull market top indicators are useless.

For example, let's look at the Fear and Greed Index of the bull market; it has never been above 80, not even reaching 75.

The Coinmarket Coin 100 Index, on the other hand, did reach a relatively high position at 240 dollars. This can only indicate that in this round, mainstream coins have all seen good gains, with very few exceptions.

Additionally, Bitcoin's market cap share is also very high, just like in previous small-scale bull markets, completely preventing altcoins from getting a chance to rise and not allowing retail investors to enjoy the frenzy.

This time, Bitcoin peaked at 12.5 and started to pull back. It seems quite difficult to continue pushing higher. Personally, I think it needs to consolidate for a while around 100k.

A deeper correction would depend on whether there are any black swan events driving it; otherwise, it would be hard to see another wave down.