Here are three concise reply options—pick the vibe you like: Option 1 — Balanced trader take Great breakdown. Cooling PPI + the jobs revision do tilt odds toward a September cut, but CPI’s lag means choppy tape first. If we get a sell-the-news dip and MVRV resets toward ~1, that’s my add zone; 3–4 = take-profit territory. Bigger picture, liquidity cycles + easing have preceded new ATHs before—2025 setup looks constructive. Option 2 — Cautious/strategic Agree on the macro tailwind, but first cuts often arrive into slowing growth—volatility usually spikes across risk. I’m watching MVRV, whale exchange flows, and stablecoin net inflows for confirmation. Until those align, buy the dip > chase the rip. Option 3 — Engaging question Solid take. What’s your confirmation trigger—MVRV <1.2 with whale outflows cooling, or an actual Fed cut on the board? If funding/basis reset while DXY rolls over, I’m with you on a strong leg higher into 2025.