Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Analyst: BCMI Index Surpasses 0.50 Neutral Line, Crypto Market Enters "Heating Up Phase"

Analyst: BCMI Index Surpasses 0.50 Neutral Line, Crypto Market Enters "Heating Up Phase"

View original
ChaincatcherChaincatcher2025/07/08 08:28

According to ChainCatcher, a CryptoQuant analyst stated that the BCMI index has recently broken through the 0.50 neutral line, indicating that the Bitcoin market is currently in the "mid-cycle, heating up" phase. The Fear and Greed Index is in the greedy range above 70, while the MVRV (~2.0) and NUPL (~0.4) indicators suggest that market valuation has only reached half of the frenzy level.

Historical patterns show that when the BCMI index enters the 0.60-0.75 range, a 20-35% pullback typically occurs before the cycle peak. Although continued ETF inflows and self-custody are helping to moderate on-chain volatility, the crowded state of the derivatives market could still trigger a sudden correction.

The analyst recommends that spot investors gradually build positions and set trailing stop-losses; holders should retain core positions and begin hedging or reducing leverage when BCMI exceeds 0.60; and when the index surpasses 0.75, lock in profits and reduce risk.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!