Recently, the BTC: VDD indicator has reached a historical peak.

This may mean that the current#BTCbull peak is not far away (116 days after the historical peak in 2017, the bull peak was reached; 90 days after the historical peak in 2021, the bull peak was reached).

The upper indicator in the figure is the BTC price; the lower on-chain indicator is BTC: Value Days Destroyed Multiple (VDD)