“Market Liquidity Regime Signal” is an indicator I built through rigorous backtesting, based directly on actual buy and sell flow data. 1. It is designed to provide clear reference points from both a cycle and trend perspective. 2. It has accurately captured the peaks and bottoms of past cycles including meaningfully signaling the top of the current cycle. This gives it added credibility even after the structural changes in Bitcoin’s trading patterns following ETF approvals. 3. I generally avoid relying too heavily on any single data point. However, in a situation where the cycle bottom has not yet been confirmed, if this signal appears alongside other data suggesting a potential bottom it could be a highly significant and meaningful confluence.(mignolet)