$BTC $BTC Сycle Extremes
Index is unwinding, not breaking
The Cycle Extremes Index has dropped to ~28 percent, officially exiting bull extreme territory. This shift matters. In past cycles, this zone consistently marked cooling phases where excess leverage and late momentum were flushed, while macro structure remained intact.
Price is holding well above cycle support bands despite a notable drawdown from local highs
Volatility percentile is rising from compression, signaling transition rather than distribution
Days since halving continue to align with historical mid cycle digestion phases
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