Currently, the CoinGlass bull market peak indicators remain essentially untriggered in this cycle (0/30), which continues to indicate a mid-cycle bull with “room” until a classic euphoria top.
Total Bull Peak Indicators
• Total CoinGlass bull market peak indicators triggered in this cycle: 0 out of 30.[yellow +1]
• Interpretation: Historically, before macro tops, several of the 30 indicators have already lit up; the 0/30 reading aligns with mid-stage bull, not a blow-off top.
Ahr999 (CoinGlass / Other Dashboards)
• CoinGlass shows an Ahr999 value of approximately 0.53 for January 21, 2026, with classic buy/neutral zone for values <1 and overvaluation typically when approaching >3–4.
• Interpretation: A value of ~0.5–0.6 is still in a “healthy bull / not euphoria” zone, more accumulation-friendly than late-cycle blow-off.[tradingdigits +1]
Puell Multiple & MVRV
• Live Puell Multiple in early 2026 is moving around 1.2–1.3 (significantly below the historical red zones >4 that have been associated with cycle tops).
• MVRV/MVRV Z-Score dashboards show values much lower than classic peak zones (MVRV ~3+ and Z-Score ~7–9 in previous tops), suggesting there is not yet excessive on-chain profitability / euphoria.
Bitcoin Dominance
• Bitcoin dominance around 60–61% is considered elevated, but still below the 65% often used as a reference threshold in CoinGlass peak analyses.
• Interpretation: The market is BTC-led bull; elevated BTC share typically precedes or accompanies phases where the system approaches a more mature stage of the cycle, but without the other overheat signals it doesn’t “lock in” a top.
Overall Picture for Strategy
• With 0/30 CoinGlass peak indicators triggered, Ahr999 ~0.5–0.6, Puell ~1.2–1.3, MVRV/Z-Score below classic red zones, and BTC.D ~60–61%, the picture remains mid-cycle bull: active bull market, but not yet at a historic parabolic top.