Very technical talk. Hard to listen an hour. But we had a perfectly similar dip in 2017 wich plays out exactly like the one now on the stock to flow chart. Other than that, if not, hold 4 years no big deal. We will see if pi cycle top indicator failed or stock to flow, NUPL and 20 other indicators failed.
Maybe the best indicator is the shitcoin market. When that starts going stupid that means BTC loses its scarcity value, then starts coming down, this sours the market mood then shitcoins follow bigly.