Still tinkering... But the dashboards say there is a disconnect here (at least wrt BTC), not dissimilar to Covid - two composites here are smoothed vs non-smoothed Bitcoin basically collapsed with inflation momentum - when inflation momentum reverses, conditions are there for a bid? In either case, plenty of room to the upside for the broader 'market cycle' (irrespective of BTC price-action) Perhaps some confluence for the view that 2023-2025 = extended 2019 - 'cycle within a bigger cycle' where a giga blow-off top is still x years away