Eighteen out of 30 bull market peak indicators tracked by Coinglass have surpassed 50% of their sell trigger levels, with six indicators exceeding 80%, according to data as of September 29. Although none have reached 100%, the rapid advancement of these indicators is raising concerns about potential market overheating and a new wave of fear, uncertainty, and doubt (FUD) in the crypto sector.
Bitcoin's dominance is approaching 89% of its cycle top threshold, while long-term holder balances are 87% toward their trigger levels. Analysts caution that these signs of market exhaustion could lead to a deeper cooling phase if institutional demand does not pick up. Additionally, spot Bitcoin ETFs experienced over $900 million in net outflows last week, highlighting potential investor caution.
Over Half of Bull Market Indicators Near Sell Triggers, Data Reveals
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