3 Top Indicators Bitcoin Pros Use to Spot the Peak

BTC On-Chain Data Report - 23/02/2024

Bitcoin’s been squeezing into a tighter range since its November run—got you wondering if we’re topping out or just getting started? I’m digging into three trusty indicators that have a history for calling cycle peaks:

• Long-Term Holder NUPL: Shows how much profit or loss people are sitting on.

• MVRV Z-Score: Stacks up market value against what people paid.

• Puell Multiple: Keeps an eye on miner cash flow.

With Bitcoin at a do-or-die moment, these are my must-watch metrics—stick around to see what they’re signaling.

---

Tracking 3 Bitcoin Top Indicators

I track 3 Bitcoin top indicators—a combo of metrics to spot market cycle peaks.
Here’s the breakdown:

• Long-Term Holder NUPL - Measures how much of the BTC supply is in profit or loss, giving clues on market sentiment.