#cycletop #BTC #Bitcoin #Altcoins #Altseason2025 
Have we already reached the maximum of this bull market❓This is the most common question that all crypto enthusiasts and investors are asking themselves.

There are many indicators that show us whether or not we are approaching the peak. All have their strengths and weaknesses. 

The following chart shows us the performence between SPX (S&P 500) and BLX (Bitcoin Liquidity Index). Below is the BTC chart in USD and above it is an index relationship SPX/BLX on the weekly time frame.

We can see that every previous peak in BTC automatically led to the strongest deviation from the SPX/BLX trend line (see white circles). The lowest deviation in the past was around 550%, and now the distance between SPX/BLX and the trend line is around 50%.

This is an indicator that I have never seen on social media and that has never been discussed. I strongly believe that this indicator is one of the best indicators out there and NO The answer is NO !!! We have not reached the cycle top of this bull market yet!!!
#cycletop #BTC #Bitcoin #Altcoins #Altseason2025