As the three elements for judging the peak of a certain period, after BTC broke through the previous historical high, the following appeared:

🚩 1. Long-term holders (LTH) accelerated their distribution, and it is even nearing the end;

🚩 2. At the same time, there were huge profits leaving the market;

🚩 3. As the price rises, the peak of the profit leaving the market is getting lower and lower.

If the above three conditions are met at the same time, we can consider this as a sign of a strong trend recession. At present, we still only see that conditions 1 and 2 have appeared, and condition 3 has not yet appeared. Therefore, the overall judgment is that the trend is in the process of continuing, and there is no obvious peak signal.