CryptoQuant identifies five key warning signs that Bitcoin may be nearing a price peak, with one already indicating caution. The first is the MVRV ratio, which currently stands at 2.67. A score above 3.7 typically signals overvaluation, recalling its peak of 7 in February 2021. Next, the Crypto Fear & Greed Index, crucial for gauging market sentiment, has exceeded 80, hitting 90 on multiple occasions, its highest since February 2021. New money inflows into Bitcoin remain strong, reflecting sustained interest in a ‘bull phase.’ The Coin Days Destroyed metric, observing dormant Bitcoin that is sold, has reached 15.1 million, a level that could indicate short-term bearish activity. Lastly, the Inter-Exchange Flow Pulse shows a bullish trend with increased Bitcoin movement to derivatives exchanges, currently around 730,000. Bitcoin's price recently peaked at over $94,100, with some analysts positing further potential for growth in the coming year.

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