Deleveraging: Sentiment Crashed from 80% to 45% After $205M Long Liquidations
Overheated sentiment in the 80% zone ended with a $205M long liquidation cascade and a regime change.
3 min read
MarketStructure
Bitcoin market structure analysis: trend shifts, key levels, liquidity zones, and positioning signals. Clear BTC structure insights from Adler AM.
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STH Discount Compresses to -4%: Price Tests Cost Basis While Profit-Taking Surges to 35K BTC
STH discount has narrowed to minimum - price has nearly caught up with cost basis. This is a decision zone: either a return to premium or a new wave of pressure.
4 min read
STH Down 3%: $100K Level to Become a Wall of Resistance
BTC price is below the average purchase price of short-term investors, putting them at a loss. Both charts show the same picture: when price approaches the STH breakeven point, the market will face a wave of sellers looking to exit at zero.
4 min read
Realized Volatility 23.6%: Compression Has Reached a Critical Threshold
Bitcoin realized volatility fell to 23.6%. Market compression suggests elevated breakout risk. Data-driven analysis of volatility and price range structure.
3 min read
STH SOPR Below 1.0: Short-Term Holders Realizing Losses
Bitcoin short-term holders have been selling coins at a loss since October 13, 2025. The weekly average SOPR remains steadily below one, while a negative Z-Score forms a picture of active selling at a loss.
3 min read
Pressure Oscillator in Accumulation Zone: Market Holds Not on Demand, but on Absence of Selling
The market is in an accumulation zone. The On-Chain Pressure Oscillator holds near the accumulation boundary, while short-term holders remain at a loss relative to their average entry price.
3 min read
Bitcoin Shifts to Risk-On Mode
Structural indicators are signaling a synchronized transition from a phase of weakness into a phase of strength. The key question is whether price can establish itself above the upper channel boundary to continue the move.
3 min read
Stress Isn't Over: Short-Term Holders Underwater
Market in stress mode: short-term holders are underwater and their cost basis is declining. This is pressure from above, but not capitulation - the buffer to critical levels remains sufficient.
2 min read
Supply in Profit Compressing: Window for Bullish Cross Is Open
Supply in Profit compresses to 13.5M BTC. SMA30/SMA90 convergence analysis and bullish cross forecast. Critical price levels and scenarios for Feb-Mar 2026.
3 min read
Derivatives Structure Gives Bulls a Tactical Advantage
Bitcoin derivatives structure explained: funding rates, open interest, and liquidation levels. How to read futures data to identify bullish or bearish setups.
3 min read
Bitcoin Structure Holds Bullish Zone, but Short-Term Momentum Weakens
The Bull-index has risen to the 23% zone, while the fast-version has declined to 18% - the FAST < SLOW divergence signals potential problems for bulls.
2 min read