According to external sources, whether or not the encrypted market enters the cattle market cannot be seen only in the strength of bitcoin for a few days. The more reference-value signal is that the price station is stable in key areas over the long term, accompanied by new inflows, improved chain profits, and the start of upswings with the Tokyo and more coins.

Bitcoin is still the main observer.

According to the article, bitcoin remains the core asset at the market stage. This is more indicative of the continuity of the purchase than of the short-term surge, the critical resistance position on the continuous station and the investor cost range.

Glassnode used in the past to observe indicators, including the short-term holder cost base, realized gains and losses and realized market value. The article mentions that recent studies have placed greater emphasis on continued net financial inflows, as price increases alone do not necessarily support a new round of expansion.

ETF financial flows become new variables

Institutional needs are also one of the important signals today. The real bitcoin ETF in the United States can absorb large volumes of BTCs and magnify the upward trend as net inflows continue.

For example, in May 2026, such funds recorded a net inflow of about $3.4 billion for six consecutive weeks. This is seen as an example of a rapidly intensifying institutional demand.

  • Six consecutive weeks of net inflows
  • Cumulative inflows of approximately $3.4 billion
  • Observation focuses on continuity rather than single-week fluctuations

Is it as important as the increase?

According to the article, the fall in the rate of the city of Bitcoin may mean that money is beginning to be diverted to the Shanco currency, but this in itself cannot alone prove that the city has been established. The real bonfire usually requires a larger range of coins to win, rather than short-line lifts for a few individual projects.

In addition, the half-cycle of bitcoin is still seen as part of the market rhythm. The next halving is expected in April or May 2028, and the block incentive will decline from 3.125 BTC to 1.5625 BTC. Historically, halving was often preceded by large-scale increases, but the start times of each turn were not consistent.

The article lists five observation signals.

According to the article, more reliable cattle market judgements usually require multiple indicators at the same time:

  • Bitcoin gets out higher and lower in the longer term. Points
  • ETF and the continued net inflow of spot funds, rather than being leveraged only
  • The price increases are magnified at the same time.
  • Improved profitability in the chain, but no large-scale sales by long-term holders
  • It's starting to get popular, and it's falling in bitcoin.

The article concludes that there is no single indicator to confirm the cattle market. The stronger signal is real capital inflows behind price increases, improved chain data and wider market participation. If only the price is moving, it is usually faster to reverse the movement.