'A touch of greenery': the budding external capital increment of BTC From the perspective of financial attitude, looking back at every bull bear transition of BTC in the past, Almost everything cannot be separated from 'despair' ➡️ Doubt ➡️ The three major stages of fanaticism, As more funds gradually 'no longer doubt' and begin to enter the market, prices rise accordingly; And the increase in prices can attract more external capital into the market, Under the positive cycle, it drives the continuation of the bull market. // The indicator in the attached figure is the "BTC Fund Incremental Trend", and the core concept is as follows: ➡️ Used to monitor the trend of capital inflows (outflows) in the BTC market ➡️ The main calculation logic is the increase or decrease trend of realized cap Before the collapse on October 11, 2025, this indicator had a highly forward-looking warning effect, Friends interested in conducting in-depth research can refer to my previous post, which provides detailed logical explanations ： https://(((((((x.com)))))))/market_beggar/status/1975373468700184833 Last update: https://(((((((x.com))))/market_gegar/status/2094240043833630980 // As shown in the attached figure: Compared to the update from a month ago (link above), At present, the "BTC Fund Incremental Trend" indicator has shown its first green color, From the perspective of net capital flow, BTC has overcome the "net outflow state" that lasted for nearly seven months And if my previous judgment of the 'early stage of the cow' is correct, The rise of BTC since 57K can only be considered a 'piece of cake' so far, Because we can clearly see from the attached figure that: The massive capital inflows that drive the main uptrend of the bull market have not yet emerged. Written in the beginning of the cow https://(((((((x.com)))))))/market_beggar/status/2091702058009420064 Someone may ask, 'What is the narrative that ignites the next BTC bull market?'? '' I don't have a crystal ball, I don't know the answer, but whether it's digital gold or devaluation trading, In my personal opinion, the existence of BTC itself is the most powerful narrative, No one can predict what catalyst will trigger the next wave of skyrocketing, but we don't need to know either, Because BTC will eventually find the answer on its own, just like every bull market in history. 'Higher High': The first reversal signal of the trend structure https://(((((((x.com)))))))/market_beggar/status/2102573356579193086 Being friends with trends is the key to participating in the bull market feast. The above is today's content, hoping to be helpful to everyone // Related reading resources A new round of liquidity slaughter begins: BTC low-level trend deduction https://(((((((x.com)))))))/market_beggar/status/2105476158255239352 492 Day Tribulation ": A Devil's style Stranding to Overthrow the Early Stage of the 2023 Bulls https://(((((((x.com)))))))/market_beggar/status/2104390699865223595 The Heart Rate of a Bull Market: Evaluating the Support Zone for a pullback from the Perspective of Chain Analysis https://(((((((x.com)))))))/market_beggar/status/2103305426934886717