The Bitcoin Top Cap model was developed by Willy Woo to identify market cycle tops. It is calculated by multiplying the Average Cap by a factor of 35. The Average Cap is calculated as the cumulative sum of daily Market Cap values divided by the age of the market in days. An additional Top Cap model considering a 15x multiplier is included to show sensitivity, and to gauge the effect of diminishing returns.

Coined By

Willy Woo

References

Bitcoin Price Models, by Willy Woo