🔵The Bitcoin Macro Index by Charles Edwards is showing bearish divergence, indicating a potential BTC decline. While the cryptocurrency is setting new highs, the metric is trending downward, which could signal a long-term peak.
🔵CryptoQuant analysts highlight four warning signs: Bitcoin IFP and Bitcoin CQ remain in bearish territory, while MVRV and NUPL fail to break the 365 SMA. This suggests BTC market turbulence. However, experts believe the asset is not yet overheated and has not reached its cyclical peak.