Amid Fresh Bitcoin All-Time Highs, Bearish Signals Are Mounting

Description

Summary Bitcoin has blasted to a new all-time high price nearing $119k per coin. Despite the exuberance in the price, the data is less exciting. Miner Volume share and Exchange Volume are reminiscent of previous price peaks. Not all indicators are screaming sell though. MVRV and James Check's Euphoria Zone still show room to run. But the proliferation of Bitcoin, Ethereum, and Solana 'Treasury Companies' reminds of prior manias. I'm staying long. But it never hurts to lock in some profit at new ...