Some top triggers are getting heated

3일 전

The NUPL (Net Unrealized Profit/Loss), RP (Realized Price), and to a lesser extent, the CVDD (Coin Value Days Destroyed) are getting close to triggering. The last time a few top indicators on the BTI got close to triggering, we had a pullback. I think we see a continued rally near-term, but then a pull-back to cool off the indicators before they fully trigger...but what do I know?

Notice that the risk has not yet reached 7, where the previous pull back occurred, but it is very close. Let's see if we are in a 2017 or a 2020-type cycle.

Note: Extrapolating to a BTC cycle top is very difficult, but I think the BTI is the best shot I can come up with to do that. Using the risk value and the triggers of multiple top indicators should allow us to get close.