🚨 $BTC ON-CHAIN DATA SIGNALS CAPITULATION PHASE IS NOT FULLY EXHAUSTED YET 🔍
On-chain metrics reveal $BTC short-term holder cost basis hovering at $68,500 against a $75,800 baseline. 📊 While perpetual leverage aggressively chases upside with positive funding rates, the persistent negative Coinbase Premium signals institutional US spot demand has not yet returned.
The 90-day realized profit-loss ratio sits at 0.75, well above the historical seller exhaustion zone below 0.5. ⚡ Until this metric reclaims 2.0, recent upside price action reflects local relief rallies rather than a macro structural shift.
Shallow unrealized losses indicate the market needs more time to fully clear overhead supply. 💬 Are you treating current price strength as a sell-side liquidity sweep, or waiting for spot demand to confirm? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #BTC #Bitcoin #OnChain #Crypto
🦈 🔍
On-chain metrics reveal $BTC short-term holder cost basis hovering at $68,500 against a $75,800 baseline. 📊 While perpetual leverage aggressively chases upside with positive funding rates, the persistent negative Coinbase Premium signals institutional US spot demand has not yet returned.
The 90-day realized profit-loss ratio sits at 0.75, well above the historical seller exhaustion zone below 0.5. ⚡ Until this metric reclaims 2.0, recent upside price action reflects local relief rallies rather than a macro structural shift.
Shallow unrealized losses indicate the market needs more time to fully clear overhead supply. 💬 Are you treating current price strength as a sell-side liquidity sweep, or waiting for spot demand to confirm? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #BTC #Bitcoin #OnChain #Crypto
🦈 🔍