Gert van Lagen|Nov 04, 2025 21:10
BTC shows zero signs of being topped out this bull cycle.
Each cycle top crosses the purple top indicator — now sitting at 264K
Historically, tops form when (blue verticals):
📉 Price-to-supply-in-profit correlation < 0.75
📈 Mayer Multiple > 2.4
#Bitcoin #BTC #Crypto (Gert van Lagen)
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