$BTC order flow entered its most toxic decile at a recorded VPIN of 0.166, the 92nd percentile. Readings in this zone have historically clustered before volatility, and VPIN says nothing about direction.
Since 2026, days in this mid band saw a median -1.2% BTC move over the next 7d (n=38, base -0.3%, 1y of records). History, not a forecast.
Since 2026, days in this mid band saw a median -1.2% BTC move over the next 7d (n=38, base -0.3%, 1y of records). History, not a forecast.
