Cycle replay
Scrub through every halving cycle.
Watch the metrics evolve.
Drag the timeline. Every oscillator updates to where it sat on that exact day from halving — across all four cycles, in sync. Hit play to watch a cycle unfold.
Cycle replay · day from halving
Day 772
of 1458 days per cycle · 52.9% through
HALVINGYEAR 1YEAR 2YEAR 3NEXT HALVING
Every cycle's price as a multiple of its halving price — the dot marks where each cycle sat at day 772.
halvinglens.com · replay
C2
$297.54
+2313%from halving
C3
$6.40K
+882%from halving
C4
$20.57K
+139%from halving
C5
CurrentCycle 5 hasn't reached day 772 yet — the future is unwritten.
Live signals at day 772, by cycle
Drag the timeline to see how each live-derived signal evolved through each halving cycle.
MVRV Z-Score
MVRV-Z
1.32z
Generational buy ·Mid-cycle· Cycle top zone
2.06z
Generational buy ·Mid-cycle· Cycle top zone
2.59z
Generational buy ·Mid-cycle· Cycle top zone
—
NUPL
NUPL
-0.037ratio
Capitulation ·Capitulation· Euphoria
0.075ratio
Capitulation ·Hope / fear· Euphoria
0.196ratio
Capitulation ·Hope / fear· Euphoria
—
Mayer Multiple
Mayer
0.67x
Deep value ·Deep value· Overheated
0.80x
Deep value ·Below trend· Overheated
0.52x
Deep value ·Deep value· Overheated
—
Puell Multiple
Puell
0.58x
Miner capitulation ·Suppressed· Top zone
0.77x
Miner capitulation ·Suppressed· Top zone
0.47x
Miner capitulation ·Miner capitulation· Top zone
—
Reserve Risk
RR
0.0042ratio
Generational buy ·Top zone· Top zone
0.0048ratio
Generational buy ·Top zone· Top zone
0.0043ratio
Generational buy ·Top zone· Top zone
—
Rainbow band
Rainbow
3.9band
Fire sale ·HODL· Maximum bubble
4.6band
Fire sale ·HODL· Maximum bubble
3.9band
Fire sale ·HODL· Maximum bubble
—
SOPR
SOPR
0.988ratio
Capitulation ·Realising losses· Top zone
1.014ratio
Capitulation ·Mild profit· Top zone
1.041ratio
Capitulation ·Mild profit· Top zone
—
RHODL Ratio
RHODL
643ratio
Generational buy ·Generational buy· Cycle top zone
1412ratio
Generational buy ·Accumulation· Cycle top zone
2653ratio
Generational buy ·Accumulation· Cycle top zone
—