Bitcoin order flow has turned unusually one sided. Our flow toxicity gauge (VPIN, a measure of how lopsided buying and selling volume is across each slice of trading) reads 0.1786 for $BTC , the 98th percentile of our records.
That puts it in the top decile, the zone where one group of traders is pushing through the book far more than the other.
The gauge says nothing about direction. It shows that the flow is heavy and imbalanced, not whether buyers or sellers are the ones doing the pushing.
Since 2026, days in this low band saw a median +0.9% BTC move over the next 7d (n=53, base -0.5%, 1y of records). History, not a forecast.
That puts it in the top decile, the zone where one group of traders is pushing through the book far more than the other.
The gauge says nothing about direction. It shows that the flow is heavy and imbalanced, not whether buyers or sellers are the ones doing the pushing.
Since 2026, days in this low band saw a median +0.9% BTC move over the next 7d (n=53, base -0.5%, 1y of records). History, not a forecast.
