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The fifth bull market signal has lit up, but don't rush to go all in BTC chips are rapidly flowing out of exchanges, with a net outflow of 13,800 in a single day, hitting a new high for 2023. The platform inventory has dropped from 705,000 to 685,000 in four days. This is not a panic sell-off; a large amount of chips are being transferred to cold wallets for locking, locking up the selling pressure. On-chain indicators show that the short-term holder cost has crossed above the long-term holder cost for the fifth time. Historically, each crossover is a bull market confirmation signal. There are already 3.5 million BTC dormant for over ten years, and a large amount of chips continue to enter dormancy every month. Funds have not left the market but have started rotating into altcoins. ETH has stabilized above 2700, SOL has broken through 120, the altcoin season index is at 81.25, and the total altcoin market cap has returned to 1.17 trillion. However, the signal is just the beginning. The altcoin season has just started and is not yet in full celebration. BTC locking is the prelude, ETH and SOL taking over is the second phase, and the real big market movement still requires patience. The bull market light is on, but the path must be taken step by step. Risk warning: Cryptocurrency is highly volatile. The above is only a market opinion and does not constitute investment advice. $ZEC $ETH $BTC