Bitcoin dropped but 30 Coinglass indicators show the bull market is intact. We break down the 7 best signals including Bitcoin dominance at 59%, Pi cycle top indicator, and why ETFs change everything. No bear market signals detected.
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.
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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
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