At present (January 8, 2025), Bitcoin is continuously sideways in the area of ​​90,000 - 106,000 USD with gradually decreasing volume. Along with that is a series of comments and analysis of the increasing and decreasing trends of KOLs, causing investors to fall into confusion. Especially those who have recently entered the market.

However, in my experience, you should not rely on anyone's opinion. Instead, analyzing and making your own decisions is the wisest choice. So how do you know if the current time is the top of the market or not? To answer the above question, let's find out through this article!

Markets stop reacting to good news

One of the signs of a market top that few people notice is that the price chart no longer reacts positively to good news.

For example, in December 2021, Visa and Mastercard continued to expand coin payment services, El Salvador announced plans to build "Bitcoin City",... but the price still could not exceed 69K USD.

Normally, Crypto is a very sensitive market and just a big enough news can cause the price to fluctuate by tens of percent. However, if a series of news is released but the price still does not "budge" or even decreases, this proves that the market has started to lack momentum.

Moreover, when good news comes, investors often think that the price will be pushed. But after many "offsides", the confidence will start to decline and they tend to sell, leading to a deeper market correction.

People around started asking about crypto

You've probably heard the saying: "When both the motorbike taxi driver and the fish seller talk about the market, it's time to exit your position." This is one of the most common signs in the financial market, not just crypto.

The point of this is that when even people who have never been interested in crypto start asking about how to invest, the market is already in a huge FOMO phase and at the end of the bull cycle. Soon after, the price will correct sharply.

Although it is just a feeling, not as clear as when you use technical analysis indicators and statistics, remember this sign carefully to take timely action to exit the goods!

However, does that mean we will close all profits at that time, what if the price continues to increase? No. According to my experience, you should close the original and take out most of the profit. The remaining part will be used to surf the market. If there are potential trends, there will still be capital to degenerate without having the heavy mentality like before.

Many people brag on social networks

Showing off huge profits from crypto investments by buying cars, throwing parties, and sharing success on social media is a sign that the market is at its peak. At this time, investors are caught up in the rush to get rich while ignoring potential risks.

There are even parties who deliberately show off to appeal to the greed of other investors, thereby carrying out actions for personal gain.

Crypto-related apps are on the top of the App Store and Google Play. Crypto-related keywords are also reaching record searches on Google. This shows that many new investors are paying attention and entering the market.

For example, last November when the market was growing, the Coinbase app entered the top 10 most popular apps on the App Store in the US and not long after that, we saw a correction happen.

In addition, when newspapers, mainstream media channels and popular culture are constantly talking about coins, with some organizations even praising crypto as the "future of finance", it is time for us to take partial profits.

Everyone is too optimistic.

Of course, whether it's up or down, there's always a percentage of people who have a positive view of the market.

However, if the number of people who are more and more negative and skeptical begins to believe in the upcoming uptrend, there is a high possibility that the market has entered the overheated stage.

For example, on December 18, 2024, when the Fear & Greed index reached 80 points, the Bitcoin price adjusted sharply. So when investing, remember to pay attention to this index!

People quit their jobs to invest in crypto

Getting a stable job is not easy. So, when many people decide to quit their jobs to focus on crypto investment, that is when the market peaks.

Because they think that making money from the Crypto market is too easy, there is no reason to work hard anymore. I was the same 4 years ago. When I made too much money from the GameFi trend, I quit my job and then received an expensive lesson.

Less potential projects start to increase in price

At the end of the cycle, a series of projects with little potential, which experienced people see as unstable at first glance, still increase in price sharply. This is a sign that the market has peaked.

The reason comes from the FOMO mentality in the community. The investment mentality becomes overconfident, leading to many people rushing to buy any asset, regardless of its quality or real value.

Usually they will think that big assets like Bitcoin, Ethereum,... have increased strongly. Now buying is no longer profitable, so they switch to small altcoins or forgotten projects to find quick profits.

They may be lucky to make a short-term profit, but it is not sustainable and is mainly due to the pumping activities of the "sharks". Even if they make a profit once, most investors will become greedier, invest more money and then be "led" far from shore without realizing it.

Expectations are too high

When the market peaks, many unrealistic predictions about coin prices often appear to strengthen confidence, helping investors feel more "secure" about holding.

For example, in the period 2020 - 2021, people shouted that Bitcoin would sooner or later reach the 100 thousand USD mark and you know the result.

From here, we can affirm that no one can accurately predict the peak of the cycle except the bookmaker. So, instead of following predictions, you should evaluate based on probability, the ratio between risk and profit to make the most appropriate decisions.

Conclusion

Recognizing the top of the Crypto market is not an easy thing. It requires investors to be sharp, alert and based on many different factors instead of just following trends or advice from others.

The above signs are practical experiences that I have drawn from many market cycles, hope that it can help you.