Stablecoin dominance dropping while BTC price consolidates. Dry powder rotating into risk assets.
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.
Active address growth on Layer 2s outpacing Layer 1 for the third consecutive month.
On-chain data diverging from price action. Long-term holders aren't selling — short-term traders are.
