🟧The Bitcoin Cycle Indicators Index (IBCI) has once again reached the distribution zone, historically associated with price peaks and market euphoria. However, this time it has only touched the lower boundary — around 80% — suggesting ongoing growth without signs of overheating. Supporting this are key index metrics like the Puell Multiple and STH-SOPR, both of which remain below average levels, indicating retail traders are still restrained.
🟧Analysts point out that even with Bitcoin hitting new all-time highs, miners are not locking in excessive profits — a behavior typical of late-cycle tops. This leaves room for further price increases, though current IBCI levels do suggest elevated risk of short-term corrections and warrant caution from investors.