None of CoinGlass Bull Market Signals Have Triggered

Despite recent bullish price action in crypto markets, none of CoinGlass’ 30 key bull market peak indicators have gone off during this cycle. This surprising insight suggests the current rally may still have significant room to grow before hitting its top.

CoinGlass is a well-known crypto analytics platform that tracks a variety of on-chain and sentiment indicators to help investors assess market cycles. These include metrics like long/short ratios, funding rates, trader positioning, open interest, and more — all of which are designed to spot overheated conditions or signal when a market top is near.

What This Means for Investors

The fact that not one of the 30 indicators has been triggered so far is notable. It implies that, despite rising prices and optimism, the market has not yet entered what CoinGlass would consider a classic “euphoria” phase — a hallmark of previous cycle peaks.

Historically, these indicators have been fairly reliable in calling out exhaustion points during major crypto bull runs. So if they’re still quiet, it could mean we’re in the middle stage of the cycle — with more upside potential still on the table.

However, investors should remain cautious. A lack of peak signals doesn’t guarantee smooth sailing. External factors like macroeconomic shifts, regulatory news, or black swan events could still cause sudden corrections.

Could This Be a Different Kind of Cycle?

Another possibility is that the current cycle is behaving differently from past ones. With more institutional involvement, broader adoption, and improved market infrastructure, some of the older indicators may not be triggering the same way they did in 2017 or 2021.

Still, CoinGlass’ data gives traders a valuable reminder: the market may not be as overheated as it seems — at least, not yet.