Market Back to Risk-Off: Stablecoins Confirm BTC Weakness
SSR Oscillator is negative again after January's attempted recovery. USDT liquidity outflows confirm: the rebound has failed.
4 min read
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Bitcoin Open Interest vs Price: 4 Divergence Patterns Every Trader Must Know
Understand the dangerous divergence between Open Interest and Price. We break down the 4 market regimes and how to trade the "Liquidation Cascade" setup.
12 min read
Realized Losses at Luna Crash Levels: $2.3B per Day, but the Context Is Different
Realized losses on the Bitcoin network have reached Luna 2022 crash levels, however the price context is fundamentally different - the current sell-off is occurring at $67K, not $19K, which changes the interpretation of the signal.
4 min read
Mining Under Pressure: Cango Sold 4,451 BTC for $305M
Bitcoin miner capitulation signals: difficulty -14%, Puell Multiple 30DMA <0.8, Cango sold 4,451 BTC. Hashrate drops, exchange flows stay stable.
5 min read
Bitcoin Open Interest & Leverage Ratio: Definition, Formula & Cycle Signals
Master Bitcoin derivatives with our 2026 guide to Open Interest (OI) and Estimated Leverage Ratio (ELR). Learn formulas, risk signals, and cycle analysis. Read more!
17 min read
Drawdown -46%: Bear Market Enters Deep Phase, Price at Realized Price Boundary
The bear market ongoing since November 2025 has entered a deep phase after Friday's crash with a -46% drawdown. Price has approached the 1.25x Realized Price Band, which historically served as the boundary between correction and capitulation.
4 min read
Bitcoin Miner Reserve & Outflow: Tracking Selling Pressure
Miner Reserve tracks BTC holdings in miner wallets; Outflow shows daily selling. Learn signal rules, thresholds (>10K BTC = elevated), and how to confirm with Puell Multiple.
5 min read
$688M Long Liquidations: 2026 High Amid STH Capitulation
On-chain and derivatives are signaling capitulation in sync: STH are realizing extreme losses, while long liquidation dominance has reached the 2026 high. Historically, such extremes have formed local bottoms.
3 min read
STH Under Heavy Pressure: MVRV Signals Capitulation
Short-term holders are realizing losses and sitting on average 25% below their cost basis.
3 min read
Bitcoin Hash Ribbons: Capitulation Signals & Buy Triggers
ash Ribbons use 30/60-day hashrate MAs to detect miner capitulation. Learn the buy signal rule, historical accuracy (64%), and how to confirm with Puell Multiple.
4 min read
Reserves Reversing: +34K BTC Returned to Exchanges from Lows
Exchange reserves reversed from lows and increased by 34K BTC over two weeks. Supply growth amid weak price action is a negative signal for short-term dynamics.
3 min read
Unrealised Loss Hits 22%: Pressure Builds, but No Capitulation Yet
Unrealised losses tripled since January, SOPR Ratio dropped 40% from peaks - market in mid-cycle stress phase, but no signs of mass capitulation.
3 min read