Since December, the supply held for more than 1 year keeps increasing. This has recently accelerated, with the monthly average now at +217,000 Bitcoin. This is a positive development, indicating that many holders who bought a year ago, and therefore at higher prices, continue to hold.
💰 Bitcoin Market Cap divided by Global M2 reacted at exactly the same level seen at the end of 2024. After that recovery, the indicator started falling again and is now approaching this important region once more.
$ROSE /USDT has flipped distinctly bearish following a breakdown from its recent consolidation range. With former support now acting as firm overhead supply, technical indicators point toward sustained sell-side pressure targeting lower support levels below.
Bybit traders are piling into aggressive long positions, with the exchange’s Taker Buy/Sell Ratio surging to 20.86, according to a CryptoQuant analyst.
$DOT /USDT following a loss of its bear flag pattern. With price consolidating near $0.7570, a sustained breakdown below key support will confirm continued sell-side expansion toward primary downside target zones.
🕯🕯 Despite the sell-off in stocks, spot $BTC ETFs saw inflows yesterday, and $BTC itself has been trying to hold above its 50-day moving average for the third day in a row.
Bitcoin has defused its internal risk, but external pressure is beginning to build. Bitcoin’s Risk Index peaked in late June before transitioning into Low Risk, allowing selling pressure to ease and price to stabilize. But a divergence is forming: Bitcoin risk remains subdued while the VIX has returned to the Fear Zone.
$COW following a completion of the Inverse Cup and Handle pattern. With prior base support now flipping into strong overhead supply, technical indicators point toward accelerating sell-side expansion targeting primary demand levels below.
📊 The market has gone very quiet, with spot volumes, exchange flows, and volatility sitting at the extremes. Meanwhile, treasuries have out-yielded the crypto carry trade for only the second time on record.
Long-term holder supply continues to trend higher, showing that experienced investors are not aggressively distributing their Bitcoin back into the market.