Data indicates that this rally is not over yet

The price of #البيتكوين is retreating, but #البلوكشين indicators do not show signs of reaching the peak of the cycle.

The Bollinger multiplier remains well below historical high levels, suggesting that miners are not under strong selling pressure.

The MVRV indicator is high but far from levels that marked previous macroeconomic peaks, indicating that valuations are not overextended.

The NUPL indicator shows that #Bitcoin holders are making profits, but not at euphoric levels typically associated with widespread distribution.

This aligns with mid-cycle behavior:

📈 Corrections reset leverage
📈 Sellers are being absorbed
📈 #BTC holders maintain their positions

As long as these indicators do not reach extreme levels, dips appear to be consolidations rather than drainages.
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