Description: Most people think the crypto cycle already peaked, but the data says otherwise. When you line up the indicators, the picture for 2026 looks very different from what headlines suggest.

We’ll talk about:

• Where we really are in the current crypto cycle based on on-chain and macro data
• Why common “market top” assumptions may be misleading this time
• How indicators like MVRV Z-Score, global M2 liquidity, and Pi Cycle Top actually work together
• What this setup could mean for bitcoin, risk management, and positioning into 2026

Keywords: crypto cycle, bitcoin market cycle, market top, MVRV Z-Score, Pi Cycle Top Indicator, global M2 liquidity, bitcoin macro analysis, crypto 2026 outlook