The post Over Half of Bull Market Top Indicators Have Reached 50%, Data Shows appeared on BitcoinEthereumNews.com. Six Bitcoin cycle top indicators are over 80% on their way to a sell signal. As analysts and traders continue to debate whether or not this cycle’s top is in, a cluster of long-term market signals tracked by blockchain analytics platform Coinglass is steadily pushing toward levels that in past cycles have marked overheated conditions. As of today, Sept. 29, 18 out of 30 indicators tracked on Coinglass’s Bull Market Peak Signals dashboard have made more than 50% progress toward their sell trigger, while six are already over 80% of the way there. Bull market peak indicators. Source: Coinglass None of the signals have hit 100%, which would indicate a sell signal, per Coinglass. However, with over half already past the halfway point, they could hit critical levels all at once, potentially surprising the crypto community and triggering a new wave of FUD. As Glassnode analysts noted in a Thursday research report, Bitcoin (BTC) is showing “signs of exhaustion,” following a brief rally after the September Federal Reserve meeting, adding that the short-term holder cost basis at $111,000 was the “key level to hold or risk deeper cooling.” The analysts added that unless demand from institutions and holders aligns again, the risk of deeper cooling “remains high.” According to SoSoValue, last week’s spot Bitcoin ETFs experienced over $900 million in net outflows, marking the third-largest weekly outflow so far this year. Will BTC Break New Highs This Year? The dashboard brings together price-based metrics like the Pi Cycle Top and Golden Ratio Multiplier, on-chain profitability measures such as MVRV and Bitcoin net unrealized profit/loss (NUPL), and supply dynamics including long-term holder balances and Bitcoin dominance. For example, Bitcoin dominance has reached nearly 89% of its cycle top threshold, while long-term holder supply is 87% of the way toward its trigger.… The post Over Half of Bull Market Top Indicators Have Reached 50%, Data Shows appeared on BitcoinEthereumNews.com. Six Bitcoin cycle top indicators are over 80% on their way to a sell signal. As analysts and traders continue to debate whether or not this cycle’s top is in, a cluster of long-term market signals tracked by blockchain analytics platform Coinglass is steadily pushing toward levels that in past cycles have marked overheated conditions. As of today, Sept. 29, 18 out of 30 indicators tracked on Coinglass’s Bull Market Peak Signals dashboard have made more than 50% progress toward their sell trigger, while six are already over 80% of the way there. Bull market peak indicators. Source: Coinglass None of the signals have hit 100%, which would indicate a sell signal, per Coinglass. However, with over half already past the halfway point, they could hit critical levels all at once, potentially surprising the crypto community and triggering a new wave of FUD. As Glassnode analysts noted in a Thursday research report, Bitcoin (BTC) is showing “signs of exhaustion,” following a brief rally after the September Federal Reserve meeting, adding that the short-term holder cost basis at $111,000 was the “key level to hold or risk deeper cooling.” The analysts added that unless demand from institutions and holders aligns again, the risk of deeper cooling “remains high.” According to SoSoValue, last week’s spot Bitcoin ETFs experienced over $900 million in net outflows, marking the third-largest weekly outflow so far this year. Will BTC Break New Highs This Year? The dashboard brings together price-based metrics like the Pi Cycle Top and Golden Ratio Multiplier, on-chain profitability measures such as MVRV and Bitcoin net unrealized profit/loss (NUPL), and supply dynamics including long-term holder balances and Bitcoin dominance. For example, Bitcoin dominance has reached nearly 89% of its cycle top threshold, while long-term holder supply is 87% of the way toward its trigger.…