Stablecoin dominance dropping while BTC price consolidates. Dry powder rotating into risk assets.
DEX volume as percentage of CEX volume just hit 22% — highest ever recorded. This matters.
MVRV Z-score entered the green zone. That's historically aligned with strong forward returns.
Hash rate hit all-time high despite price suppression. Miners adding capacity — not bearish behavior.
Network activity doesn't lie. DAU and transaction count matter more than daily price action.
