IBCI reaches distribution region, indicates warning sign for top in #Bitcoin

Index of Bitcoin Cycle Indicators (IBCI) has reached the distribution region for the first time in 8 months, approaching the end of the range.

This onchain indicator, made up of 7 indicators including: Puell Multiple, MVRV, NUPL and SOPR, signals that the market may be approaching a possible cycle top, but without 100% confirmation yet.

For IBCI to reach 100%, all the indicators in the formula must reach the historical distribution range, the top regions. The same is true for tracking market bottoms.
#Bitcoin