The On-chain Confidence indicator is showing signs of increasing sell pressure and profit-taking, but it still remains well below the historical peaks seen in previous bull market tops (2017 & 2021).
👉 This is a composite indicator combining several key on-chain metrics like RHODL Ratio, Puell Multiple, and MVRV, among others.
📊 The current level resembles early 2024 and early 2025, suggesting we are not yet at extreme sentiment levels.
If this indicator continues to climb toward its previous cycle highs, it may signal that we’re entering the final leg of this bull run. For now, there’s still room for upside momentum.
👉 This is a composite indicator combining several key on-chain metrics like RHODL Ratio, Puell Multiple, and MVRV, among others.
📊 The current level resembles early 2024 and early 2025, suggesting we are not yet at extreme sentiment levels.
If this indicator continues to climb toward its previous cycle highs, it may signal that we’re entering the final leg of this bull run. For now, there’s still room for upside momentum.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.