STH supply is shrinking, historically a late-bear-market pattern as coins shift to long-term holders.
Whale balance data shows accumulation resuming May-Jul even as price dropped toward 60-65k.
But some frameworks still expect one more flush to 40-50k before real capitulation (~Sept-Oct).
Structure and sentiment aren't always aligned.
CG take: verify first, risk later, accumulation can continue while price still probes lower.
Watching STH profit % + whale balance next.
#BTC #CryptoGates
Whale balance data shows accumulation resuming May-Jul even as price dropped toward 60-65k.
But some frameworks still expect one more flush to 40-50k before real capitulation (~Sept-Oct).
Structure and sentiment aren't always aligned.
CG take: verify first, risk later, accumulation can continue while price still probes lower.
Watching STH profit % + whale balance next.
#BTC #CryptoGates