Bubble Top Indicator #25
Hard Signals:
π© Funding Rates: Cold
π© 5D Tether Premium: negative (Bullish)
π© Coinbase App Position: >100
π© $BTC Dominance: 59%
π§ Global Liquidity: stalling
π¨ $MSTR Premium: flat
π§ Treasury Co implosions: neg mNAVs
π© OI: unconcerning
π© MVRV Ratio: <3.5
Final Verdict: π©
Thoughts:
Not much change overall and not that sensible to look for tops here of course, but wanted to put one out. Will be irregular timing till watching out for tops makes sense again.
Probably a good long term entry, possibly one more leg down but not necessarily.
Making this bi-weekly didnβt help. I am sure nobody is currently concerned that crypto is too Bullish. So I will keep this up, but return when the question might even be on the table at least.
Bubble Top Indicator - Week 24
Hard Signals:
π© Funding Rates: Cold
π§ 5D Tether Premium: positive (Bearish), but improving
π© Coinbase App Position: >100
π© $BTC Dominance: 59%
π¨ Global Liquidity: slowly rising
π¨ $MSTR Premium: flat
π§ Treasury Co implosions: neg mNAVs
π© OI: unconcerning
π© MVRV Ratio: <3.5
Bubble Top Indicator - Week 24
Hard Signals:
π© Funding Rates: Cold
π§ 5D Tether Premium: positive (Bearish), but improving
π© Coinbase App Position: >100
π© $BTC Dominance: 59%
π¨ Global Liquidity: slowly rising
π¨ $MSTR Premium: flat
π§ Treasury Co implosions: neg mNAVs
π© OI: unconcerning
π© MVRV Ratio: <3.5
Final Verdict: π©
Thoughts:
Tbf there just isnβt much week-to-week point in this indicator at the moment. It is designed to pinpoint a time close to the top of a bubble and there simply is no bubble in crypto and there has not been this cycle. Can look to Silver for that.
So as I have been at it for half a year pretty much, I ll continue it, but its usefulness will only increase when crypto markets become frothy again.
FWIW, I still think the top is not in this cycle (or we are in the middle of a super benign short crypto bear market and will re-accelerate earlier than usual), but this indicator is not a βwhen to investβ indicator. It is trying to say when stuff is so frothy that we should get off the train. That time will come again :). So for now we keep calm and carry on.
No changes this week.
Bubble Top Indicator - Week 22
Hard Signals:
π© Funding Rates: Cold
π§ 5D Tether Premium: positive (Bearish)
π© Coinbase App Position: >100
π© $BTC Dominance: 59%
π¨ Global Liquidity: stalling
π¨ $MSTR Premium: flat
π§ Treasury Co implosions: neg mNAVs
π© OI: unconcerning
π© MVRV Ratio: <3.5
Bubble Top Indicator - Week 22
Hard Signals:
π© Funding Rates: Cold
π§ 5D Tether Premium: positive (Bearish)
π© Coinbase App Position: >100
π© $BTC Dominance: 59%
π¨ Global Liquidity: stalling
π¨ $MSTR Premium: flat
π§ Treasury Co implosions: neg mNAVs
π© OI: unconcerning
π© MVRV Ratio: <3.5
Bubble Top Indicator - Week 21
Hard Signals:
π© Funding Rates: Cold
π§ 5D Tether Premium: positive (Bearish)
π© Coinbase App Position: >100
π© $BTC Dominance: 59%
π¨ Global Liquidity: stalling
π¨ $MSTR Premium: flat
π§ Treasury Co implosions: no implosions but neg mNAVs
π© OI: unconcerning
π© MVRV Ratio: <3.5
Final Verdict: π©
Thoughts:
Still the same as last week. October 10th wipe out still affecting liquidity. Market still hurting. All else is the same.





