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[Doc32X @doc32doherty]

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[Milk Road Crypto @milkroaddaily]

The Pi Cycle Top Indicator is still green.

That’s rare this deep into a cycle.

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That tells you a few things:

• BTC isn’t overheated.
• Long trend momentum is still soft.
• This cycle is behaving slower + flatter.

Exactly what you’d expect in an extended cycle where liquidity, ETFs, and institutional flows stretch the timeline.

In every prior cycle, when this chart goes red, the peak is weeks away.

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[Doc32X @doc32doherty]

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[Doc32X @doc32doherty]

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