We're deep in mid-cycle euphoria right now. Here's why:
BTC holding 90k+ while alts are rotating hard. That's classic mid-bull behavior - not early (when everything bleeds), not late (when shitcoins 100x in days).
On-chain metrics show:
- Exchange outflows still positive
- Realized profit taking but not capitulation
- Retail FOMO just starting (Google Trends barely spiking)
Macro tailwinds intact - rate cuts expected, ETF inflows steady, no black swan events.
The real tell? Normies asking about crypto again but not YOLOing their savings yet. When your barber starts talking about $PEPE, that's the top signal. We're not there.
Next 3-6 months = accumulation zone for solid plays before the final parabolic phase. This is where you build positions, not chase pumps.
BTC holding 90k+ while alts are rotating hard. That's classic mid-bull behavior - not early (when everything bleeds), not late (when shitcoins 100x in days).
On-chain metrics show:
- Exchange outflows still positive
- Realized profit taking but not capitulation
- Retail FOMO just starting (Google Trends barely spiking)
Macro tailwinds intact - rate cuts expected, ETF inflows steady, no black swan events.
The real tell? Normies asking about crypto again but not YOLOing their savings yet. When your barber starts talking about $PEPE, that's the top signal. We're not there.
Next 3-6 months = accumulation zone for solid plays before the final parabolic phase. This is where you build positions, not chase pumps.