📊🤔 #BTC On-chain Confidence shows profit taking is heating up but still well below historic cycle peaks. This index combines key metrics (RHODL, Puell Multiple, MVRV, CVDD, R/NUPL) — all normalized for clearer signals. The current level is similar to early 2024 and early 2025, but nowhere near the overheated zones of 2017 and 2021. If confidence keeps climbing toward those highs, it could hint we’re entering the final stage of this bull run — maybe with just a few months left.