🚀 Bitcoin: Are We Overheated or Just at the Beginning?
This chart measures the difference between Bitcoin's market value and realized value (standard deviation). In other words, it shows the "froth" in the market.
🔴 Red Zone (Peak): Represents that the market is overheated and historically symbolizes the peak of bull cycles.
🟢 Green Zone (Bottom): The best accumulation area where Bitcoin is sold at its cost or even lower, which can be considered "free."
🧐 Current Status:
As we approach the year 2026, we see that the price is trying to remain above $100k. However, the orange line (Z-Score) is still quite far from that "dangerous" red zone seen in previous bull peaks.
Short Summary: Although the price looks high, the data whispers that the market does not yet have the uncontrolled excitement (bubble) of the past, meaning there may still be room for a rise. 📈