Stablecoin net flow has stayed negative for 35 days while BTC exchange flows sit neutral near $65K. No buying fuel.
New investor realized cap sits near yearly lows and STH SOPR holds below 1.0. Early stabilization; watch for SOPR reclaiming 1.0 to confirm.
Bitcoin LTH supply hit a record 16.34M BTC, with 371K absorbed in 30 days, while CDD 30D stays low at 313M. Scarcity is building, demand is not.
Bitcoin Regime Score sits at +34.7 with component agreement at 79%. Bullish regime confirmed; watch a move back above +50 or a drop below zero.
Taker Order Pressure flipped to +4.1 while Liquidation Pressure sits at -55.2: the 3.1% rally is real demand, not a short squeeze.
Bitcoin Adjusted NUPL is near -0.13, underwater for six weeks. STH, LTH and aggregate converge; a sustained move above zero confirms a turn.
BTC open interest fell 12% in 24h and the pressure index broke below its 30-day average — deleveraging, not new shorts. Watch the 58 reclaim.
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.
