$BTC | Pi Cycle Top sits at 0.48 today. SatoshiMacro's tracker has the fast 111-day average at A$105,405 against the slow line at A$220,024, inside the far-from-signal zone below 0.7. On the desk, we watch the zone. Even the May 2024 cycle high only reached 0.737, short of the 0.95 approaching band. My read: the indicator earns its place by staying quiet, not forecasting a top. It is one Tier 1 input in a 48-signal composite, never a standalone sell trigger, and it missed November 2021 outright. A re-arm needs the fast line back under 92 percent of the slow line. With lodgement day near, the ATO's 12-month CGT discount clock still matters more than this ratio.

https://satoshimacro.com/tools/crypto/cycle-indicators/bitcoin-pi-cycle-top-indicator/?utm_source=binance_square&utm_medium=social&utm_campaign=autopilot_short-1

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