The trend of $BTC held for over a year. This data has always been one of my personal favorite indicators for market tops, and it is one of the few data points that has never been wrong. In the past week, it is clear from this data that long-term investors are in a balanced state, with neither significant buying sentiment nor obvious selling sentiment, resulting in a trend that resembles a straight line.

This data, like BTC's trading volume, indicates that current investors' willingness to buy and sell is not strong. Most investors are still maintaining a wait-and-see approach. For this market top indicator, the horizontal position also represents the price fluctuations of BTC, and the hesitation among investors is still quite evident.

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