Aggregate Market Confidence Score

42%

Composite metric evaluating 9 individual on-chain and technical indicators. A score of 0% suggests cyclical market bottoms, while 100% indicates cycle peaks.

Current Phase Mid-Cycle Consolidation

Tracked Metrics 9 Active Indicators

Component Indicators

Individual scores feeding into the master confidence calculation.

Real-time Aggregation

Pi Cycle Top

38%

Tracks moving average crossovers historically aligned with market cycle tops.

Puell Multiple

70%

Analyzes Bitcoin issuance and miner revenue economics relative to historical trends.

MVRV Z-Score

19%

Evaluates market capitalization versus realized capitalization extremes.

RUPL / NUPL

41%

Net unrealized profit and loss metrics across the entire network ledger.

RHODL Ratio

20%

Compares realized-cap HODL waves of different coin age bands.

2-Year MA Multiplier

47%

Identifies long-term price undervaluation and overvaluation bands.

About the CBBI Index

The ColinTalksCrypto Bitcoin Bull Run Index (CBBI) is an open-source analytical initiative. Rather than depending on short-term price volatility or emotional market sentiment, it aggregates multiple prominent on-chain and technical models into a single timeline chart.

It is time-independent and price-independent, designed strictly to help participants understand where Bitcoin currently rests relative to historical macro cycle boundaries.