According to Crypto Rover, in previous Bitcoin cycles, the top was marked by a majority of on-chain indicators flashing. In 2017, 25 out of 30 indicators flashed, and in 2021, 28 out of 30 indicators did so. As of 2025, none of these top indicators have flashed yet, suggesting potential for further price increases. This analysis implies that traders could consider the current market cycle incomplete, thus providing potential opportunities for further gains.

According to Miles Deutscher, none of the on-chain metrics that typically signal a top for Bitcoin have been triggered in the current cycle. This suggests that Bitcoin may not be reaching a multi-year top yet, providing more time for potential gains. Traders should consider this lack of traditional topping signals when planning their strategies. Source: Miles Deutscher on Twitter.