Market Still Quiet, but BCMI Says Otherwise

Bitcoin Combined Market Index (BCMI) – May 29, 2025 Update

The 7-day SMA of BCMI is showing a sharp rebound, signaling a potential early recovery in market sentiment. Meanwhile, the 90-day SMA remains steady around 0.45, suggesting that the market has not entered an overheated phase yet.

🧠 The BCMI combines key indicators:

MVRV (30%)

NUPL (25%)

SOPR (25%)

Fear & Greed Index (20%)

📊 Signal thresholds

🟢 Below 0.15 → Extreme fear (macro bottom signal)

🔴 Above 0.75 → Market euphoria (cycle top alert)

📌 Current Status

✅ SMA(7): ~0.6 → Early upside signal

🧭 SMA(90): ~0.45 → Still neutral/stable zone

📈 Summary

With on-chain sentiment rising and profit-taking easing,

BCMI suggests the market may be entering an early accumulation phase.

The crowd is still waiting—but the signal is already flashing.

Written by 우민규 Woominkyu