The most profitable phase of every bull market is the quiet one and i can not help but think that this is exactly where we are now. Last month, momentum indicators were hinting at a potential Stage 2 to Stage 3 transition. Fast-forward to now, the data says otherwise: the market cooled down further, entering what can only be described as the boredom zone. Here’s the full breakdown . — According to @coinglass_com's Bull Market Peak Indicators, the overall cycle progress has slipped to ~48%. That means less than half of long-term top signals are active which is a clear sign we’re still far from overheating. • 0 / 30 peak signals triggered • Average progress ≈ 48% • Holding zone = 100% • Sell zone = 0% This means that wirh no major top in sight, the market is currently consolidating. — Key Indicator Movements (Oct to Nov) • Altcoin Season Index: 68 to 41signaling capital returning to majors. • Bitcoin Dominance: ≈ 59% • Long-Term Holder Supply: up to 15.03 M BTC signalling strong conviction. • Short-Term Holder Supply: up to 24.6% • Reserve Risk: ≈ 0.0021 (low) which is still deep in the “confidence zone.” • MVRV Ratio: 1.83 ( down from 2+) • RSI (22 Day): ≈ 42 — None of the classic macro peaks (Pi Cycle Top, Puell Multiple, Rainbow, 2-Year MA Multiplier) are close to firing. Each sits 40–60% below historical sell thresholds. • Pi Cycle Top: 49% progress • Puell Multiple: 37% • Golden Ratio: 77% • Bitcoin Trend Indicator: 88% (but not yet hot) This is classic mid-cycle structure. — Every bull run passes through this “flatline” between retail euphoria and institutional acceleration. Funding rates cool, search trends drop, and social activity fades. Yet, onchain conviction strengthens: • Long-term holders are accumulating, not distributing. • Exchange reserves stay low. • institutions remain net buyers for ETF outflows. This data profile looks similar to mid-2020 and Q1 2021 when RSI hovered in the 40s, MVRV was below 2, and Reserve Risk stayed under 0.005. What followed wasn’t capitulation but a reignited market. Cycles often reset before they run and i think this will not be an exception. — Strategy Outlook : • Accumulate BTC & ETH while macro metrics stay below 70%. • Trim alts that still carry high MVRV or thin liquidity. • This phase often lasts 4–8 weeks before the next acceleration so be patient. • Use RSI resets as re-entry points The data is dull but dull is bullish in this case.