Woobull Top Cap ratio today
Last updated August 6, 2026 ·
Also called top cap vs price · Weighted 5% of the LiftOffr Score
26
Woobull Top Cap Ratio · 0-100 normalised
Bitcoin $64,212 · Today's reading sits 28% of the way from the average cycle-bottom reading (0) to the average cycle-top reading (95).
Woobull's Top Cap model takes Bitcoin's average cap over its entire history and multiplies it by 35 to draw a ceiling that past cycle tops have respected. The reading is how close price sits to that ceiling — near it has meant late cycle, far below has meant early.
What it actually measures
Price as a fraction of a long-run modelled ceiling.
How it is calculated
Price ÷ (35 × average cap), normalised 0-100.
What it read at every cycle top and bottom
This is the table that does not exist anywhere else. Every value is the Woobull Top Cap Ratio reading
on the day of that cycle turn, pulled from the same daily series the number above comes from.
| Cycle turn | Date | BTC close | Woobull Top Cap Ratio (0-100) |
|---|
| 2013 top | 2013-11-30 | $1,119 | 96 |
| 2017 top | 2017-12-17 | $19,250 | 100 |
| 2021 top | 2021-11-10 | $64,756 | 92 |
| 2025 top | 2025-10-06 | $124,824 | 93 |
| 2015 bottom | 2015-01-14 | $176 | 0 |
| 2018 bottom | 2018-12-15 | $3,185 | 0 |
| 2022 bottom | 2022-11-21 | $15,778 | 0 |
Readings are normalised 0-100. Bitcoin closes are the same day's price from the
source dataset. Cycle turn dates are daily-close highs and lows.
Average reading at a cycle top: 95.
Average at a cycle bottom: 0.
The weakest top signal it ever gave was the 2021 top at 92;
the highest it ever read at a bottom was the 2018 bottom at 0.
Where it has been wrong
The ×35 constant was fitted to two cycles of data. Every cycle since has topped further below the ceiling, so treating the line as a target rather than an outer bound has been consistently wrong.
This section is on every indicator page here on purpose. An indicator sold as infallible is
being sold, not explained — and the gap between "it called three tops" and "it will call the
next one" is where people lose money.
The other eight
No single indicator survives contact with a real cycle. These are the other components of the
LiftOffr Score, live right now:
The reading tells you where. It doesn't tell you what to do.
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Questions
What is the Woobull Top Cap Ratio reading today?
As of August 6, 2026 the Woobull Top Cap Ratio reads 26 out of 100 on the normalised scale LiftOffr uses, with Bitcoin at $64,212. The number on this page updates daily.
What did the Woobull Top Cap Ratio read at the last Bitcoin top?
At the October 2025 top it read 93. Every cycle top and bottom since 2013 is in the table on this page, taken from the same daily series.
Has the Woobull Top Cap Ratio ever been wrong?
The ×35 constant was fitted to two cycles of data. Every cycle since has topped further below the ceiling, so treating the line as a target rather than an outer bound has been consistently wrong.
Is the Woobull Top Cap Ratio enough on its own?
No. Every indicator on this site has a failure mode, which is why LiftOffr weights nine of them into one score rather than trusting any single one. The live composite is at liftoffr.com/cycle.
Read this first. Everything on this page is educational market information, not
financial advice, and not a recommendation to buy or sell anything. I am not a registered
investment adviser. Indicator readings are historical measurements, not predictions — every one
of them has been wrong before, which is why each page here has a section saying exactly how.
Bitcoin can fall further than you expect and stay there longer than you expect. Do your own
research and never invest money you cannot afford to lose.
© 2026 LiftOffr · Educational content only. Not financial advice.
Indicator data derived from the public CBBI dataset.