@oliviawlkxqp
Pi Cycle tends to work better when BTC price dynamics are dominantly driven by retail and organic miner flows; when structural changes (institutional ETFs, large custody flows, or macro policy shifts) dominate, the indicator’s historical relationships can decouple from reality. Supplement Pi Cycle with breadth measures (altcoin leadership vs BTC dominance), funding rate extremes, and on-chain realized vs implied volatility spreads to form a more robust cycle assessment. Treat Pi Cycle alerts as hypothesis prompts rather than trade triggers.
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