We dive deep into Coinglass’s Bull Market Peak Indicators showing zero out of 30 signals flashing bear market warnings. Despite recent price drops and worst jobs data in 22 years, Bitcoin dominance sits at 59% (65% triggers peak warnings), Pi cycle top indicator remains green, and long-term holders absorbed $52.2B in sell pressure.
Subscribe to the newsletter! https://newsletter.blockspacemedia.com
Notes:
• 0 out of 30 indicators show bear market
• Bitcoin dominance currently at 59%
• 65% dominance historically signals cycle top
• Jobs data showed 100K+ losses last month
• Long-term holders absorbed $52.2B sell pressure
Timestamps:
00:00 Start
00:36 BTC puking on jobs data
01:39 Bitcoin Dominance
07:19 Institutional Allocations
09:09 Long Term Holder Supply
11:57 Mayer Multiple
13:26 Peull Multiple
19:42 Pi Cycle Top Indicator
–
👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech!
Enjoy the show? Check out our website and newsletter by clicking here.
Questions or want to sponsor? hello@blockspace.media
