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Macro Market Top

Definition

A macro market top signifies the absolute highest price point reached by an asset or market over its entire existence or a very long-term cycle. This peak represents the culmination of an extended bull market, often driven by broad economic expansion, significant capital inflows, and widespread speculative activity. It is typically followed by a prolonged bear market or a period of significant price decline. Identifying a macro market top is challenging, as it requires a comprehensive analysis of both market-specific and global economic factors.