Bitcoin STH realized pressure flips to buyers at the lows while price holds the $61.6K cohort floor. Watch a reclaim of $71K to confirm.
Bitcoin taker flow stays negative as CVD compresses 70%. A brief July 8 rally was erased by a $92.7M sell wave. Watch the $62K level and CVD zero.
Stablecoin exchange inflows sit 31% below the yearly norm and USDT+USDC market cap is shrinking $3B/month. No fuel for BTC until flows reverse.
Strategy sold 3,588 BTC for $216M, its largest sale ever. Price held near $63K but derivatives positioning cooled sharply into bearish territory.
Bitcoin futures moved back above spot for the first time in a month and positioning turned green — early signs of returning risk appetite.
Net UTXO Supply Ratio flashed its first BUY since November 2022, but Supply in Loss says the Bitcoin bottom isn't confirmed until SMA90 hits 50%.
Net taker volume hit +68M while Bitcoin open interest fell 22K BTC. Demand without leverage - watch the 62K reclaim to confirm risk-on.
Bitcoin exchange inflows are 50% above February while SOPR stays below 1.0, signaling heavier supply pressure and realized losses.
Bitcoin LTH MVRV fell to 1.24, near a yearly low, as price nears the $48.4K cost basis. Record 16M BTC supply signals holding, not capitulation.
Spot Bitcoin ETF demand has flipped to outflows: 135K BTC gone since the Oct 2025 peak and 30-day flow momentum at a record low near -102K BTC.
Bitcoin Net Realized P/L stays negative a 5th month, but holder realized prices hold support at $48K-$56K. Watch this band for the next move.
MSTR is down 78% from its peak and its average BTC cost basis now sits above spot. What Strategy's regime shift means and the $75K level to watch.
