Bitcoin: Breaking down BTC’s mid-cycle signals before it’s too late
The post Bitcoin: Breaking down BTC’s mid-cycle signals before it’s too late appeared on BitcoinEthereumNews.com. Bitcoin CMI hits 0.55 as miners hold back, and long-term holders begin moving coins. Rising profits and stable RSI show Bitcoin remains calm despite looming volatility risks. The Bitcoin [BTC] Combined Market Index (BCMI) has crossed the neutral 0.50 mark and sat at 0.55 at press time. Historically, the 0.60–0.75 range is where 20–35% price shakeouts tend to strike, typically ahead of euphoric peaks. Despite this momentum shift, the broader mood remains measured. Fear & Greed hovered in the low-70s, MVRV near 2.0 and NUPL around 0.4 indicating that valuations are not yet overheated. ETF flows and increased self-custody continue to mute on-chain spikes, creating a cautious but warming macro environment as momentum builds. Source: CryptoQuant Can miner restraint still support Bitcoin? Miners appear to be holding back from offloading coins, as the Miners’ Position Index (MPI) remained deeply negative at -0.66. This behavior suggests a preference for accumulation or at least non-distribution, which typically aligns with bullish mid-cycle setups. Interestingly, MPI surged 66.22% over the last 24 hours, hinting at growing pressure. However, the metric remains below zero, confirming that miners have yet to exert significant sell pressure. As long as this restraint persists, Bitcoin’s uptrend could continue receiving indirect support from mining entities. Source: CryptoQuant Dormant wallets awaken, but no mass exit yet Coin Days Destroyed (CDD), when adjusted for supply, rose 10.34%, indicating that long-term holders have begun moving their coins. This behavior, while subtle, often reflects shifting market psychology—possibly due to profit opportunities or macro signals. While the move signals a change in sentiment, it hasn’t reached levels associated with widespread profit-taking. Market psychology appears to be shifting quietly, but not aggressively. Source: CryptoQuant Are profits rising fast enough to signal a euphoric top? Net Realized Profit/Loss (NRPL) rose 5.36% in 24 hours, hitting $95.84 million.…
The post Bitcoin: Breaking down BTC’s mid-cycle signals before it’s too late appeared on BitcoinEthereumNews.com.
Bitcoin CMI hits 0.55 as miners hold back, and long-term holders begin moving coins. Rising profits and stable RSI show Bitcoin remains calm despite looming volatility risks. The Bitcoin [BTC] Combined Market Index (BCMI) has crossed the neutral 0.50 mark and sat at 0.55 at press time. Historically, the 0.60–0.75 range is where 20–35% price shakeouts tend to strike, typically ahead of euphoric peaks. Despite this momentum shift, the broader mood remains measured. Fear & Greed hovered in the low-70s, MVRV near 2.0 and NUPL around 0.4 indicating that valuations are not yet overheated. ETF flows and increased self-custody continue to mute on-chain spikes, creating a cautious but warming macro environment as momentum builds. Source: CryptoQuant Can miner restraint still support Bitcoin? Miners appear to be holding back from offloading coins, as the Miners’ Position Index (MPI) remained deeply negative at -0.66. This behavior suggests a preference for accumulation or at least non-distribution, which typically aligns with bullish mid-cycle setups. Interestingly, MPI surged 66.22% over the last 24 hours, hinting at growing pressure. However, the metric remains below zero, confirming that miners have yet to exert significant sell pressure. As long as this restraint persists, Bitcoin’s uptrend could continue receiving indirect support from mining entities. Source: CryptoQuant Dormant wallets awaken, but no mass exit yet Coin Days Destroyed (CDD), when adjusted for supply, rose 10.34%, indicating that long-term holders have begun moving their coins. This behavior, while subtle, often reflects shifting market psychology—possibly due to profit opportunities or macro signals. While the move signals a change in sentiment, it hasn’t reached levels associated with widespread profit-taking. Market psychology appears to be shifting quietly, but not aggressively. Source: CryptoQuant Are profits rising fast enough to signal a euphoric top? Net Realized Profit/Loss (NRPL) rose 5.36% in 24 hours, hitting $95.84 million.…
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