The Bitcoin Sharpe Signal (BSS) is another interesting discovery I made while studying Glassnode’s institutional-exclusive signals. The official explanation for this indicator is: The Glassnode Bitcoin Sharpe Signal employs a unique machine learning-based approach using on-chain data to strategically minimize downside risks and capture upward trends in Bitcoin. It appears to be a risk-reward metric that helps assess whether holding BTC is currently advantageous. However, I found that combining BSS with the Bitcoin Risk Signal (BRS) seems to yield even more effective insights. For example, in the chart below, BRS is shown on top and BSS on the bottom: 🚩 When BSS > 0.5 (dark green) and BRS = 0 simultaneously, it typically increases the probability of identifying a “阶段性顶部” (阶段性顶部 =阶段性顶部 in Chinese, meaning “阶段性顶部” should be translated as “阶段性顶部” — but in context, it means “阶段性顶部” → “阶段性顶部” is not English; it should be “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性顶部” → “阶段性的高点” Let me correct this translation properly: 🚩 When BSS > 0.5 (dark green) and BRS = 0 simultaneously, it typically increases the probability of identifying a potential short-term top (red-shaded areas in the chart); 🚩 When BSS < 0.3 (red) and BRS = 0 simultaneously, it typically strengthens the likelihood of identifying a high-value bottom zone (green-shaded areas in the chart). Currently, BSS is at 0.7 and BRS is at 0 — placing us squarely in the scenario described above. This suggests that $78,000 has likely already entered a short-term rally peak. It may be exactly $78,000, or slightly above. Whether this is accurate, let’s verify.