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Glassnode
Dormancy Flow is the ratio of the current market capitalization and the annualized dormancy value (measured in USD). The metric can be used to time market lows and assess whether the bull market remains in relatively normal conditions. It helps confirm whether an asset is in a bullish or bearish primary trend. This metric was put forward by David Puell. For more information please read his introductory article.
Latest value: 79,621.5215896 (as of 12 Feb 2026)