#数字货币市场洞察 Murphy's BWTS analysis really hit the nail on the head.

After watching on-chain movements for so long, I’ve noticed something interesting: the BWTS red line and the BTC price black line are starting to diverge. What does this mean? Most of the panic sellers are already out, and those "selling at the bottom" tokens are quietly being scooped up.

Looking back at history—after the Luna crash in 2022, the divergence was completely broken and a deep bear market followed. But now? The pattern remains intact, and the divergence hasn’t broken down. It’s like a compressed spring; the built-up energy will eventually find an outlet.

Looking around: institutional funds are hovering at low levels, macro-level negative factors are gradually being digested by the market, and sentiment indicators have hit rock bottom. A single-dimensional signal might be misleading, but when multiple dimensions all point in the same direction, it’s worth thinking about.

Real opportunities often hide when most people can’t see clearly. On-chain data doesn’t lie, and cyclical patterns have never failed. Before the rebound trend is confirmed to be over, every pullback could be a window to re-enter.

Markets always reverse amidst skepticism. $ETH