우민규 Woominkyu

Market Still Quiet, But BCMI Says Otherwise

Bitcoin Combined Market Index (BCMI) – May 29, 2025 Update The 7-day SMA of BCMI is showing a sharp rebound, signaling a potential early recovery in market sentiment. Meanwhile, the 90-day SMA remains steady around 0.45, suggesting that the market has not entered an overheated phase yet. 🧠 The BCMI combines key indicators: MVRV (30%) NUPL (25%) SOPR (25%) Fear & Greed Index (20%) 📊 Signal thresholds 🟢 Below 0.15 → Extreme fear (macro bottom signal) 🔴 Above 0.75 → Market euphoria (cycle top alert) 📌 Current Status ✅ SMA(7): ~0.6 → Early upside signal 🧭 SMA(90): ~0.45 → Still neutral/stable zone 📈 Summary With on-chain sentiment rising and profit-taking easing, BCMI suggests the market may be entering an early accumulation phase. The crowd is still waiting—but the signal is already flashing.