The rally off $60K: bullish taker demand is back, Funding Rate remains positive
Bitcoin bounced from $60K to $65.6K on returning taker demand, not a short squeeze. Funding Rate stayed positive 10 days straight - watch for overheating.
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Bitcoin bounced from $60K to $65.6K on returning taker demand, not a short squeeze. Funding Rate stayed positive 10 days straight - watch for overheating.
BTC exchange inflows hit +114K while stablecoin flow fell to -105M. Supply up, demand fading - the structural cause of Bitcoin's 22% drop.
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.
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.
Bitcoin 30D net flow flips positive at +103K BTC as stablecoins drain from exchanges. Double risk-off signal - what triggers a regime change.
Bitcoin Structure Shift fell from +0.78 to -0.56 in 3 weeks. STH flipped to loss-taking. Price tests Donchian Support at $74.5K.