Bitcoin market structure analysis: trend shifts, key levels, liquidity zones, and positioning signals. Clear BTC structure insights from Adler AM.
Bitcoin Net Realized P/L turned negative at -$176M as STH cost basis holds at $80.2K above price. Watch $80.2K for regime shift signal.
Bitcoin Slow Impulse turned negative as 30-year UST yield hit 5.20%. Bullish structure broken - watch for Slow Impulse to recross zero as key reversal trigger.
Bitcoin Supply in Profit SMA-7D recovered from 53.6% to 63% since March lows. STH-SOPR remains near 1.0 without confirmation. Key level: $76k–$77k.
Bitcoin Bull–Bear Index dropped to –23.5, Price Structure at –0.56. Bulls failed to hold above zero in early May. Watch ETF inflows and EMA for regime shift.
STH SOPR stalls below 1.0 as Bitcoin fails 200D SMA three times. Short-term holders sell into every rally. Key level to watch: $82.1K.
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.
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.
