Bitcoin retail demand 30D change reversed from -8.2% to +4.4% by May 12. Zero line crossed April 27. Transfer volume recovering - watch $360M.
Bitcoin exited panic selling, but Realized Cap Net Position Change is 98% weaker than March and December 2024 peaks. Recovery phase, not risk-on.
Bitcoin BFMI crashed from 78 to 30 in 48 hours as SMA-7 broke down. Liquidations oscillator holds at -11 to -13. Neutral risk-off regime confirmed.
Bitcoin holds $81K but Coinbase IFP is below its 90-day average and Premium Index is negative. US spot demand shows no confirmation of the rally.
Realized Cap Change 30D exits 75-day negative cycle at just +0.22%. HODL Waves reveal STH sellers exhausted - but no new spot buyer confirmed yet.
Bitcoin short liquidations hit $737M peak in Feb, $608M in Apr, with a fresh $175M spike May 4. Trend Pulse holds Neutral Mode at $80K.
Bitcoin exchange reserve hit 2,685,541 BTC as netflow spiked +8,512 BTC. Coins are on exchanges but not selling. Watch reserve reversal near $78K.
Regime Score back in bear zone. Cumulative funding hit -659 bps annual low - shorts dominate derivatives while price holds $75-79K.
Short liquidation dominance SMA(7D) hit +28.7 while OI dropped to 292K BTC. Classic squeeze signal - no new bullish leverage being built.
Bitcoin Realized Loss 7-day Sum spiked to $5.97B on Apr 24 as BTC recovered to $78K. Underwater holders exit. Key level to watch: $3B.
Bitcoin Inter-Exchange Flow Pulse recovered 136% from March lows. SMA crossover confirmed. Coinbase Premium validates spot demand shift.
BTC is approaching the STH cost basis at $82.2K - a key breakeven zone for recent buyers. Exchange inflow spread has risen from October lows, signaling easing sell pressure.
