BTC bubble barometer

Graph with the average percentage to reach the next peak (100%) of the bull run, based on previous halving.

Bitcoin halving cycle. Here BTC prices are compared based on the days that have passed since the halving date.

The historical price of bitcoin in logarithmic scale with halving.

The charts of each indicator in the on-chain used. The value 100% indicates that we currently have the same value as in the peak of the year 2017.

NUPL (Net Unrealized Profit/Loss)
Indicates investor sentiment. It shows what you would gain or lose if you sold at this time and the value is normalized by dividing it by the capitalization.
Determine if the network as a whole is currently in a profit or loss state.

Stock-to-flow Deflection
It is the ratio of an asset’s current asset (stock) to its circulation / flow.
It is used to determine whether an asset is overvalued or undervalued relative to its scarcity.
If the deflection is ≥ 1 it means that the asset is overvalued according to the S / F model. If the deflection is <1, the asset is undervalued according to this model.

MVRV Z-Score
The MVRV Z-score is a function that indicates the difference between the total market capitalization of Bitcoin and the market capitalization calculated with the price at which users bought their bitcoins and divided by the standard deviation of the market capitalization.
This shows by how many standard deviations the market value differs from the realized value.

Puell Multiple
It is calculated by dividing the daily issue value of bitcoins in dollars by the 365-day moving average of the daily issue value.

Reserve Risk
Represents the opportunity cost of holding an asset. Each day that a coin is kept, the owner defer the ability to exchange it for its cash value.
This deferred spending represents the confidence of the HODLers.

SOPR (Spent Output Profit Ratio)
It measures the relationship between the current sale value and the purchase value of the bitcoins that have been spent / moved in the last day.
Indicates if current sellers are losing money.

Hodl Waves
It indicates the time that the bitcoin has not moved in our case the chosen time is one year. Under normal conditions, the more you save, the less you speculate on the price.
If more than 60% of the supply has not moved for a year or more, it has historically led to a rise in prices.

Market Cap Ratio (Market Cap to Thermo Cap Ratio)
This indicator is the relationship between market capitalization and the thermocap is calculated by dividing the market capitalization by the income of the miners throughout history in USD (thermocap).

%d bloggers like this: