Key takeaways:
Bitcoin market cycle tops are notoriously hard to time, but combining technical and behavioral indicators can offer strong signals.
The MVRV-Z Score, Pi Cycle Top indicator, trade volume trends, Puell Multiple, and exchange inflows accurately predict Bitcoin price cycle tops.
Bitcoin (BTC) might be approaching the final stage of its current market cycle — a dramatic final rally followed by a sharp correction and, eventually, a bear market. For many, this could be the long-awaited climax of the past four years, and major players are preparing accordingly.
Since late 2024, Bitcoin whale accumulation has surged. Glassnode data shows that the number of addresses holding over 100 BTC has jumped by almost 14%, reaching 18,200 — a level not seen since 2017. The biggest market players appear to be positioning for what could be this cycle’s final run-up.
Number of BTC addresses holding over 100 BTC. Source: Glassnode
However,