Puell multiple says we're nowhere near a cycle top. Miners aren't printing profits like peaks.
Social sentiment vs on-chain activity divergence at its widest since early last cycle. One is right.
Network activity doesn't lie. DAU and transaction count matter more than daily price action.
Long-term holder supply crossing a key threshold. When LTH supply grows, price follows eventually.
Active address growth on Layer 2s outpacing Layer 1 for the third consecutive month.
Rex Lender
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