According to @Andre_Dragosch, mNAV expansions tend to lead BTC yield, so using an identical starting point to compare the two is flawed, source: André Dragosch on X, Aug 21, 2025, https://twitter.com/Andre_Dragosch/status/1958607342984991090. This highlights a lead lag dynamic that affects timing analysis for Bitcoin yield and related trading signals, source: André Dragosch on X, Aug 21, 2025, https://twitter.com/Andre_Dragosch/status/1958607342984991090.