Parabolic moves can only sustain themselves so long. It won't go parabolic indefinitely as people take profits or rotate into other assets and try to set themselves up for a more solidified passive income stream. You have to secure the bag at some point in crypto.
https://colintalkscrypto.com/cbbi/ - Colin talks crypto came up with an interesting indicator to see where we are at in bull runs. It has actually been a pretty good metric overall as a baseline to look at. Last peak in 2021 when Bitcoin went to $69,000 the metric peaked out at 85 out of 100. The metric actually had went higher the first peak even though the price didn't get as high that time. It had went clear to 97 out of 100. Earlier when I filmed the video the metric hit 78. Now suddenly it is a 81. This kind of pace can really only continue like it is for a week or 2 in my opinion. This is melting faces for sure.
A lot of investors have skipped over investing in some of the Layer 1 smart contract platforms before going after memes. The memes started banging out super hard so tons of people are in chase mode.
Colin Talks Crypto's CBBI Indicator is suddenly at 81 out of 100 and the Fear and Greed Index is at 90 out of 100. Both these indicators have stayed close to peak for the cycles for weeks or even a month. So a couple weeks or even a month of this craziness isn't out of the question.