Just noticed something interesting on the charts. Bitcoin's inter-exchange flow pulse jumped 136% from where it bottomed out back in March, and for the first time in months, the 7-day average just crossed above the 30-day line. That's a pretty classic risk-on signal when you're tracking these interexchange movements.

The flow dynamics are definitely shifting - money's moving between exchanges in a way that suggests traders are getting more confident again. But here's the thing: while this interexchange metric is pointing one direction, there's still that one lagging indicator that hasn't confirmed the move yet. So it's not a full green light, more like a yellow flag that things might be turning around.

Worth keeping an eye on. If that last confirmation comes through, could be meaningful for where we're headed next.