**[Analysis: Market Sentiment Turning Point Quietly Arrives, BWTS Pattern Indicates Rebound Conditions]** BlockBeats News, December 6—On-chain data analyst Murphy stated that the short-term Behavior-Weighted Trend Signal (BWTS) can be used to identify genuine pressure from dormant chips and trend-based capitulation behavior. This indicator not only considers whether investors are selling BTC at a loss but also measures the forced liquidation of "held for a period" chips. Historical data shows that whenever BWTS (red line) and BTC price (black line) diverge, it often signals the gradual clearing of panic selling, typically followed by a rebound or reversal trend. After the Luna crash in May 2022, the BWTS, which had returned to the zero axis, once again deviated significantly, breaking the previous divergence pattern. The rebound ultimately failed to become a reversal and instead entered a deeper bear phase. Currently, the BWTS pattern resembles previous instances, which can be interpreted as having rebound conditions. Alternatively, until the divergence is broken, it can be considered that the rebound has not yet ended.