BTC
$102,534.33
-
0.98%
ETH
$2,269.61
-
6.38%
USDT
$1.0005
+
0.03%
XRP
$2.0591
-
3.35%
BNB
$630.28
-
2.20%
SOL
$134.79
-
3.82%
USDC
$1.0001
+
0.01%
TRX
$0.2712
-
0.84%
DOGE
$0.1543
-
5.61%
ADA
$0.5505
-
6.06%
HYPE
$33.27
-
3.99%
WBT
$48.47
-
1.02%
BCH
$466.05
-
0.29%
SUI
$2.5597
-
6.59%
LEO
$8.9608
+
0.72%
LINK
$11.97
-
5.65%
XLM
$0.2358
-
3.32%
AVAX
$16.78
-
4.71%
TON
$2.8469
-
3.03%
SHIB
$0.0₄1084
-
5.33%
Logo
  • News
  • Prices
  • Data
  • Indices
  • Research
  • Events
  • Sponsored
  • Sign In
  • Sign Up
Markets
Share this article
X iconX (Twitter)LinkedInFacebookEmail

Top Cap and Delta Cap: New Metrics for Spotting Bitcoin Price Trend Reversals

Cryptocurrency researchers Willy Woo and David Puell released several new valuation metrics for bitcoin's price in February. Here's an overview.

By Sam Ouimet
Updated May 2, 2022, 3:49 p.m. Published Mar 28, 2019, 2:40 a.m.
bitfuryclarke

Create a free account to continue reading.

You've reached your monthly limit.

Sign up for free

Already have an account? Sign in

About

  • About Us
  • Masthead
  • Careers
  • CoinDesk News
  • Crypto API Documentation

Contact

  • Contact Us
  • Accessibility
  • Advertise
  • Sitemap
  • System Status
DISCLOSURE & POLICES
CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.
EthicsPrivacyTerms of UseCookie SettingsDo Not Sell My Info
© 2025 CoinDesk, Inc.
X icon
Sign Up
  • News
    Back to menu
    News
    • Markets
    • Finance
    • Tech
    • Policy
    • Focus
  • Prices
    Back to menu
    Prices
    • Data
      Back to menu
      Data
      • Trade Data
      • Derivatives
      • Order Book Data
      • On-Chain Data
      • API
      • Research & Insights
      • Data Catalogue
      • AI & Machine Learning
    • Indices
      Back to menu
      Indices
      • Multi-Asset Indices
      • Reference Rates
      • Strategies and Services
      • API
      • Insights & Announcements
      • Documentation & Governance
    • Research
      Back to menu
      Research
      • Events
        Back to menu
        Events
        • CoinDesk: Policy & Regulation
        • Consensus Hong Kong
        • Consensus Miami
      • Sponsored
        Back to menu
        Sponsored
        • Thought Leadership
        • Press Releases
        • CoinW
        • MEXC
        • Phemex
        • Advertise
      • Videos
        Back to menu
        Videos
        • CoinDesk Daily
        • Shorts
        • Editor's Picks
      • Podcasts
        Back to menu
        Podcasts
        • CoinDesk Podcast Network
        • Markets Daily
        • Gen C
        • Unchained with Laura Shin
        • The Mining Pod
      • Newsletters
        Back to menu
        Newsletters
        • The Node
        • Crypto Daybook Americas
        • State of Crypto
        • Crypto Long & Short
        • Crypto for Advisors
      • Webinars
        Back to menu
        Webinars
        Select Language
        English enEspañol esFilipino filFrançais frItaliano itPortuguês pt-brРусский ruУкраїнська ukDeutsch deNederlands nl