$BTC order flow entered its most toxic decile at a recorded VPIN of 0.164, 90th percentile. Readings in this zone have historically clustered before volatility, and VPIN says nothing about direction.
Since 2026, days in this high band saw a median -0.5% BTC move over the next 7d (n=43, base +0.1%, 1y of records). History, not a forecast.
Since 2026, days in this high band saw a median -0.5% BTC move over the next 7d (n=43, base +0.1%, 1y of records). History, not a forecast.
