This looks like a classic end to a money flow strength triple top. The phases played out perfectly last cycle, with the final note being the end of money flow in November 2025, signaling the cycle top was in. The end of the bear market (phase 1) comes when the metric returns to low global cash influx, followed by a huge surge in strength. Translation: it's going to be a while before this metric says the bear market is over. I'm not typically a fan of macro indicators for Bitcoin, but this one has been doing great!