Analyst: BCMI Index Surpasses 0.50 Neutral Line, Crypto Market Enters "Heating Up Phase"
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.
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.
You may also like
Current mainstream CEX and DEX funding rates indicate the market remains broadly bearish

The Crypto Fear Index rises to 28, escaping the "Extreme Fear" zone
Analyst: The current macro environment is similar to the pandemic period, and bitcoin still has room to rise
The Hyperliquid team wallet has unstaked 2.6 million HYPE and conducted small-scale selling and transfer tests.
