The Bulls are Running Out of Steam: Taker Pressure is Falling, Funding Remains Negative
Net Taker Volume SMA-30D drops 35% from May peak as bullish momentum fades. Funding Rate holds negative since March. Key level to watch: $78K.
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Net Taker Volume SMA-30D drops 35% from May peak as bullish momentum fades. Funding Rate holds negative since March. Key level to watch: $78K.
STH Loss Pressure hits 0% for 5 consecutive days as BTC trades above $81K. STH Supply Share at 90-day lows. Seller pressure eliminated.
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.