BTC exchange inflows hit +114K while stablecoin flow fell to -105M. Supply up, demand fading - the structural cause of Bitcoin's 22% drop.
Puell Multiple 30DMA drops to 0.74 as miner revenue compresses. How current stress compares to 2018 and 2022 bottoms, and key levels to watch next.
Realized Cap 30D Change falls to -1.1% as $12B leaves the Bitcoin network. aSOPR below 1 for 13 days confirms capitulation. Key trigger: aSOPR above 1.0.
Bitcoin's MVRV Z-Score cooled to 0.32 as net realized losses ran 22 straight days. Stress is real but valuation already reset; watch losses ease to zero.
Bitcoin bounced 3.7% off $60K, but Open Interest fell 6% with positive funding - a short-covering rebound, not new leverage. Watch OI for confirmation.
Bitcoin tests its $62K February low as net realized losses hit $7B. The $54K aggregate cost basis is the final support before full capitulation.
Bitcoin sentiment hits extreme fear while capital flows stay moderate, not capitulation. Watch $62K - the February low - to hold or break.
Bitcoin Impulse has collapsed to -59 while 30-day taker demand just turned negative. Momentum leads; watch the Bear line for confirmation.
Bitcoin's May rally has unwound to the $70K zone as exchange netflows flipped to inflows and long liquidations dominate. Watch 30D netflow for a turn.
Bitcoin realized volatility fell 56% to multi-year lows as market cap grows slower than realized cap. A coiled, de-risked setup. Watch the 200-day average.
Went to cash at $114,788 and still hasn't bought back. Get one clear Bitcoin decision every Sunday - buy, hold, or exit - with triggers and invalidation.
BlackRock withdrew 7,048 BTC from IBIT while Strategy-linked wallets sent 411 BTC to Coinbase Prime. Supply is moving closer to the order book.
