DEX volume as percentage of CEX volume just hit 22% — highest ever recorded. This matters.
Cross-chain bridge volume tells you where smart money rotates before it shows in token prices.
Realized profit/loss ratio just reached a level that historically precedes significant down moves.
DeFi TVL made a new monthly high while token prices lag. Fundamentals building before price catches up.
Puell multiple says we're nowhere near a cycle top. Miners aren't printing profits like peaks.
