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Celsius Network | Investor Conference Presentation Deck | 40 slides · page 18 of 40

This is the widely recognized 'Bubble Cycle' chart by Dr. Jean-Paul Rodrigue.

Conference presentation · other · present_framework · sparse density

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Chartjunk Elimination slide · 70%

chart/line: Bubble cycle valuation curve
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Bubble Cycle 100%

The visual representation of market phases (Stealth, Awareness, Mania, Blow-off) and psychological states (Greed, Delusion, Denial, etc.) is a standard model for market bubbles.