Average monthly whale inflow to exchanges has dropped to a three-year low, while stablecoin netflow remains in positive territory.
The derivatives market continues to register a shift in pressure toward bulls, with the liquidation dominance oscillator sitting at 32%, reflecting sustained pressure on leveraged buyers.
The cost of holding long positions dropped 18% over 9 hours - from 0.11% to 0.09%. This indicates declining pressure from aggressive buyers.
Technical transfer of ~800K BTC within Coinbase triggered artificial spike in on-chain metrics by ~$68B, though no actual sales occurred.
Long-Term Holders conducted the largest profit-taking of the entire cycle, reducing positions by 1.57M BTC over the quarter amid price decline toward $80K.
Bitcoin Bull-Bear and Futures Flow indices show bearish regime, price is 11% below fair value.
Dollar consolidates near six-month peak, STH loss-taking pressure at extremes.
Short-term holders under stress amid liquidity outflows from spot ETFs.
Bitcoin Weekly Engine
Bitcoin lost 26% from ATH $125K, oscillator shows Long Liquidations dominance at +20%, market sentiment remains in the fear zone at -89.
Bitcoin holds around $91K with divergence between rapid improvement in speculative metrics and deteriorating fundamental flows, while the stress index stands at 67.8 in the elevated zone
Bitcoin under pressure from short-term holder loss-taking with volatility above 83%.
