Bitcoin’s ‘Dead Market’ Signal Returns as Bottom Indicators Converge

TLDR: Bitcoin’s net capital flow divergence has returned, echoing the signal seen near the 2022 cycle bottom. A 157-day futures basis drought now ranks as Glassnode’s second-longest period below Treasury yields. Bitcoin trades just above its $63,777 200-week SMA, a level repeatedly linked to past cycle recoveries. Three independent indicators now converge, but none confirms [...]

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