Bitcoin market cycle indicators, which are used to analyze the phase the market is going through (Are we at the beginning of a rise? In the middle of the cycle? At the top of a bubble? Or at the bottom?). Let me explain to you in detail the contents of the image:
🧭 Main title:
Market cycle indicators
This section provides a general summary of the current market situation based on a set of indicators.
As you can see:
✅ 0 out of 30 indicators have been met.
✅ The 'HODL' ratio is 100%, meaning there are no sell signals yet.
🔴 There are no indicators showing that we are in a selling phase.
🔍 Visible indicators:
Each indicator below has certain numerical conditions, and if the condition is met, it appears as 'Met ✅', and if not met, it appears with an X ❌.
1. Bitcoin Ahr999 Index
Current situation: 1.24
Required condition: ≤ 4 (i.e., if the indicator is less than or equal to 4, it is considered good for buying).
✔ The condition is met, but it has an X because there are additional conditions that have not been met.
2. Pi Cycle Top Indicator
Current price: $99,561.75
Required condition: to be less than $174,167
✅ The indicator is within range, but hasn't crossed yet (this is very important for it to function as a market top indicator).
3. Puell Multiple
Current situation: 1.24
Condition: ≤ 2.2
✅ The indicator is suitable for buying (usually if it is < 1, it is a strong bottom), but it is not considered a clear bottom signal now.
4. Bitcoin Rainbow Chart
Situation: In the gray area (between the bottom and the top)
Condition: ≤ 3
The indicator is not currently giving a clear buying signal.
5. Days of ETF Net Outflows
Condition: ≤ 1 day of negative flows
Currently: 10 days of negative flows (❌ Negative indicator)
6. ETF-to-BTC Ratio
Current ratio: 4.88%
Condition: ≤ 3.5%
❌ The indicator is high, indicating that money is relatively moving away from Bitcoin.
🧠 Summary of the overall analysis from the image:
The market is in a 100% holding phase.
There are no strong indicators suggesting that the market is at a clear bottom yet.
Technical indicators like AHR999 and Puell Multiple are close to buying zones but have not reached the historical bottom.
The market cycle has not yet entered a confirmed upward phase or 'Bull Run'.
📌 What does this mean for the investor?
The current time is not ideal for heavy buying (DCA or large investment in one go), but one can wait and monitor the indicators daily.
If 3 or more indicators are met, it strengthens the probability of entering a safe buying zone.
An indicator like 'Pi Cycle Top' is used later to exit the market, not to enter.