Deep Bitcoin on-chain analysis: supply dynamics, holder behavior, exchange flows, and key indicators. Actionable BTC insights from Adler AM.
The market pulled back from the 125K highs to the current 90K zone with a current drawdown of -27%, while 67% of supply remains in profit.
The current correction of approximately -32% remains the mildest among Bitcoin's bear cycles: with approximately 88% of coins still in unrealized profit, and only about 12% of supply at a loss.
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.
Bitcoin corrected to the level of $92K after the strongest drawdown in this cycle equal to -32% from ATH.
