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 820
of 1458 days per cycle · 56.2% 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 820.
halvinglens.com · replay
C2
$238.24
+1832%from halving
C3
$6.55K
+905%from halving
C4
$23.80K
+177%from halving
C5
CurrentCycle 5 hasn't reached day 820 yet — the future is unwritten.
Live signals at day 820, by cycle
Drag the timeline to see how each live-derived signal evolved through each halving cycle.
MVRV Z-Score
MVRV-Z
1.23z
Generational buy ·Mid-cycle· Cycle top zone
1.20z
Generational buy ·Mid-cycle· Cycle top zone
1.38z
Generational buy ·Mid-cycle· Cycle top zone
—
NUPL
NUPL
-0.047ratio
Capitulation ·Capitulation· Euphoria
-0.020ratio
Capitulation ·Capitulation· Euphoria
0.050ratio
Capitulation ·Hope / fear· Euphoria
—
Mayer Multiple
Mayer
0.67x
Deep value ·Deep value· Overheated
0.90x
Deep value ·Below trend· Overheated
0.71x
Deep value ·Deep value· Overheated
—
Puell Multiple
Puell
0.53x
Miner capitulation ·Suppressed· Top zone
0.76x
Miner capitulation ·Suppressed· Top zone
0.57x
Miner capitulation ·Suppressed· Top zone
—
Reserve Risk
RR
0.0041ratio
Generational buy ·Top zone· Top zone
0.0037ratio
Generational buy ·Top zone· Top zone
0.0033ratio
Generational buy ·Top zone· Top zone
—
Rainbow band
Rainbow
3.2band
Fire sale ·HODL· Maximum bubble
4.7band
Fire sale ·HODL· Maximum bubble
4.4band
Fire sale ·HODL· Maximum bubble
—
SOPR
SOPR
0.986ratio
Capitulation ·Realising losses· Top zone
0.978ratio
Capitulation ·Realising losses· Top zone
0.994ratio
Capitulation ·Realising losses· Top zone
—
RHODL Ratio
RHODL
618ratio
Generational buy ·Generational buy· Cycle top zone
931ratio
Generational buy ·Generational buy· Cycle top zone
1356ratio
Generational buy ·Accumulation· Cycle top zone
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