On-Chain Metrics
Track the Pi Cycle Top indicator, which has historically pinpointed Bitcoin cycle peaks. Due to diminishing returns across cycles, the traditional x2 multiplier crossover may not fire in future cycles. Use the adjustable multiplier to tune sensitivity.
The Bitcoin Pi Cycle Top indicator overlays the 111-day simple moving average against a 350-day SMA multiplied by 2. When the shorter average crosses above the longer one, the market has historically been within days of a cycle peak. It has called every Bitcoin macro top since 2013 within a 3-day window: 2013, 2017, and 2021 all triggered cleanly.
The math is simple but the signal is structural: Pi (about 3.14) is the ratio between the two moving-average windows (350 divided by 111 is roughly 3.15), and crossovers between fast and slow oscillators of related period have a long history in cycle analysis. The original 2x multiplier was hand-tuned in 2019; with diminishing returns reducing each cycle's amplitude, the multiplier may need adjustment to capture future peaks, so this chart includes a user-adjustable slider to tune sensitivity.
Treat Pi Cycle Top as a top-warning tool, not a precise sell signal. Confirmed crosses justify aggressive risk reduction; near-misses justify caution. Pair with MVRV Z-Score and RHODL for multi-signal confluence: when all three reach historical extremes simultaneously, the case for a macro top becomes hard to ignore.
Check the selected asset, units, and cohort before comparing readings. Compare the metric over consistent dates and use related measures to understand what contributes to a change.
Addresses and on-chain cohorts do not identify individual people. Network designs and available histories differ, so a threshold observed on one asset may not transfer to another.
Track the Pi Cycle Top indicator, which has historically pinpointed Bitcoin cycle peaks. Due to diminishing returns across cycles, the traditional x2 multiplier crossover may not fire in future cycles. Use the adjustable multiplier to tune sensitivity.
Freshness: Not yet verified
No community calls on Pi Cycle Top Indicator yet. Be the first to share a take.
Discover more insights with our comprehensive chart collection
Explore All 8302 Charts