I've been continuously watching this data 🤔 Because, if this year forms a Double Top pattern like 2021, I wanna increase cash ratio for preparing a market plummet at the first top.
Anyways, let's compare the current data and past data. The directionality has been same so far. But the difference is the timeframe. In the previous cycle, it took 3 months from 1 to 3. However, in this cycle, it has taken 5 months so far.
So, if Kimchi(Korean) premium follows the past pattern, I think this cycle's first top will likely form this March. Since I presume the first top is coming, I've been withdrawing some coins to Binance exchange.
Of course, I prefer long-lasting bullish markets rather than Double Top bullish markets. Market participants are still suspecting there won't be no more altseason. The current vibe and sentiment look like in early 2017 and early 2021.