Bitcoin Supply in Profit Hits 69% in Fastest Recovery
Bitcoin supply in profit hit 69% with a +41% 90-day change, one of the fastest on record. Why the speed shows scale, not a regime shift.
A five-day-a-week Bitcoin podcast covering on-chain data, ETF flows, derivatives, macro risk and market structure for active investors.
Adler AM is a Bitcoin podcast for investors who want a clear daily read on market structure, on-chain data, ETF flows, derivatives positioning and macro risk. Each episode turns the latest Bitcoin market signals into a short audio brief before the trading day starts.
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Bitcoin supply in profit hit 69% with a +41% 90-day change, one of the fastest on record. Why the speed shows scale, not a regime shift.
Bitcoin short-term holders sent 549K BTC to exchanges while STH-SOPR stayed above break-even. Price held most gains despite selling.
Bitcoin long-term holders sold 98.5K BTC since August as profit-taking resumed. Supply is stabilizing, but selling risk still remains.
Bitcoin fell 1.5% to $78.7K in two days as taker order pressure turned negative and open interest rose, a seller-driven leverage build-up.
Bitcoin open interest is rising: +11.2K BTC with price up 3.9%. Fresh long leverage, not short covering, lifts BTC toward a bullish regime.
Stablecoin exchange netflow turned positive after 113 days of outflows but is already fading. SSR is easing yet still elevated. Neutral.
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