By: M. ~ this update is for educational purposes only and not financial advice
Cycle Meter: ππππππππππ΄ 9.5**/10** (Very Late Phase/Possible End)
There is a lot of debate about whether the BTC cycle has already topped in Oct. or whether we will see a new ATH in early 2026. More data is required to determine this definitively.
As of December 7, 2025
| Metric | Value | Notes |
|---|---|---|
| BTC Price | ~91,087 USD | BTC held the 80β82k demand zone and bounced, but the structure is still a corrective pattern. This is a reaction bounce, not a confirmed trend reversal. |
| Total 3 Market Cap | ~3.06T | Altcoin market is sitting directly on the 0.786 retracement. This is usually where strong reactions happen, but continuation depends on BTC stability. |
| BTC Dominance | ~59.43% | Dominance has pulled back from its local peak and is consolidating. Still elevated, which limits broad alt momentum until BTC shows clearer strength. |
| USDT Dominance | ~6.07% | USDT dominance rejected from a major resistance zone. Declining USDT.D generally helps risk assets, but the chart still shows a rising trend from October. |
| BTC Open Interest | 633.06k BTC β’ ~$57.76B | OI rising into a bounce suggests traders are positioning early. Not extreme leverage, but enough to fuel volatility if price revisits support. |
| BTC Funding Rate | ~0.0020%β0.0029% | Funding is low and slightly positive across metrics. Market is not overleveraged. No signs of euphoric long buildup. |
| 24h Volume (Global) | ~$238.9B | Volume remains elevated relative to the past month, likely driven by volatility from BTCβs pullback and re-entry attempts. |
| 24h Liquidations | ~$438.5M | Heavy liquidations earlier in the week cleared leverage. Current levels show a normalized environment rather than panic. |
| ETF Net Inflow (24h) | Moderate outflows | Funds are pulling capital rather than adding. Consistent red bars show institutions waiting for clearer structure before re-entering. |
| Longs/Shorts Ratio | ~50.21% / 49.79% | Market is balanced. No clear long or short crowding. This supports the idea of consolidation rather than a decisive trend. |
| Fear & Greed Index | 24 (Fear) | Sentiment is fearful, mostly driven by BTCβs multi-week correction. Historically, readings in the 20s often align with accumulation zones. |
A quick visual overview of the 4 charts that matter most.

BTC Price, 1D

USDT-D, 1D

BTC-D, 1D

TOTAL3 Market Cap, 1D