Realized cap growing faster than market cap. Coins moving from weak to strong hands at scale.
Long-term holder supply crossing a key threshold. When LTH supply grows, price follows eventually.
SOPR dipping into capitulation territory. Weak hands are out. The cohort holding now is different.
Protocol revenue metrics across DeFi up 65% QoQ. Price hasn't reflected this divergence yet.
DeFi TVL made a new monthly high while token prices lag. Fundamentals building before price catches up.
