The median is a good thing, often representing the general situation better than the average.

Glassnode recently launched median-related on-chain indicators, such as the Median Realized Price shown in the figure above, which reflects the median cost of buying coins on-chain (sorted by the duration since last moved, taking the median, with the price at the time of movement being the median cost of buying coins on-chain)

Based on the Median Realized Price, the Median MVRV can be derived. As shown in the figure above, fitting the Median MVRV yields the bull peak and bear bottom fitting curves.

Based on the fitted curve of the Median MVRV, a completely new set of BTC bull peak and bear bottom pricing indicators can be obtained (as shown in the figure above)

Since a brand new bull peak pricing indicator has been developed, it would be unreasonable not to incorporate it into the nine major BTC bull peak pricing indicators 😎, currently——

🔴Curve-Fitted MVRV Price: $127,458

🟠Deviation-Corrected MVRV Price: $129,633

🟡Fibonacci-Balanced Price: $133,098

🟢Deviation-Corrected STH-MVRV Price: $139,995

🔵Tradable Realized Price: $151,381

🟣Pow Top Price: $173,708

🟤Curve-Fitted Median MVRV Price: $173,756

⚫️Thermocap Price: $187,155

⚪️Fibonacci-Terminal Price: $191,744

It is worth mentioning——

Mid-2011 bull peak, price breaks through 6 lines

First peak of 2013, price breaks through 6 lines

Second peak of 2013, price breaks through 8 lines

End of 2017 bull peak, price breaks through 9 lines

First half of 2021 peak, price breaks through 6 lines

Currently, price breaks through 0 lines