CBBI 73 and Fear 29 as Realized Price climbs, MVRV stays mid-band, and DXY/M2 sets the stage for the next expansion.
Executive Takeaway
Sentiment has slipped into Fear while on-chain and protocol internals remain healthy. Realized Price continues to grind higher, MVRV is mid-band (well below classic blow-off zones), Puell shows no miner euphoria, and the network base layer looks robust on your Clark Moody pane. With DXY capped and M2 re-accelerating, the balance of evidence favors consolidation with an upward bias rather than a completed top.
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Price Structure & Market Context
- Weekly trend: Higher-lows remain intact. Pullbacks are happening above the 50-week base and within Bollinger bands—typical mid-cycle digestion after a strong advance.
- Monthly read: The recent long-wick “range-seeking” month (upper/lower wicks of similar size) shows a market probing liquidity both ways but holding the core uptrend. That’s indecision inside an uptrend—not distribution—unless confirmed by multiple lower closes.
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