Global M2 strength is a metric that says no go on the cycle bottom.

Sure, maybe the pattern has changed, but it had great accuracy as recently as the last cycle top (money flow end at red dot) and before that many times over.

We'd need a move below the low global cash influx line and a strong surge to mark a new phase 1.

Excellent accuracy for cycle bottoms.

This one is interesting to me because I would consider it an "outside source" rather than waiting for oversold weekly Bitcoin RSI, etc.