Historically, Bitcoin’s biggest bull runs began after the MVRV Z-Score dropped below 0 during bear markets.
If $BTC falls toward the $38K–$48K range, the indicator could enter that zone again, potentially setting up the next major bull run.
🇺🇦 Ukraine Signals Willingness for Ceasefire
President Zelensky announced that Ukraine has agreed to the U.S. proposal for an unconditional, long-term ceasefire.
🕊️ A potential step toward de-escalation if all sides align.
🔥 Major Deleveraging Across the Market
Open Interest has plunged 55% from its all-time high — the steepest drop since April 2023.
A large share of leveraged positions has been wiped out, signaling a broad flush of excess leverage.
Historically, moves like this reduce market froth and help build a healthier structure.
CPI came in below expectations.
Both monthly and annual data indicate cooling inflation in the U.S. — a positive signal for markets.
Lower inflation gives the Federal Reserve more flexibility to cut interest rates, easing financial conditions.
Macro tailwinds are slowly building.
Selling pressure isn’t over yet.
Daily Net Taker Volume has dropped to -$370M,
meaning aggressive market sells are significantly outweighing aggressive buys.
Momentum-driven traders are still hitting the sell button, attempting to push Bitcoin lower.
As long as taker imbalance remains negative, downside pressure can persist.
Short-term holders sold nearly $2B worth of Bitcoin at a loss in the past 24 hours.
When short-term investors move coins to exchanges and realize losses, it typically reflects elevated fear and psychological pressure in the market.
Capitulation phases often begin this way.
Do you think they’re making a mistake?
Extreme fear, heavy sell pressure, and loss realization —
these are typically the conditions where markets enter capitulation, accumulation begins, and local bottoms start to form.
But bottom confirmation requires data.
📊 The key question:
What will large and long-term holders do in the coming days?
$BTC
@Cointelegraph Extreme fear, heavy sell pressure, and loss realization.
these are typically the conditions where markets enter capitulation, accumulation begins, and local bottoms start to form.
What will large and long-term holders do in the coming days?
Bitcoin vs Fiat currencies.
In its early days, Bitcoin was seen as extremely risky.
Many dismissed it as a scam — simply because they didn’t understand it.
Today, the narrative has flipped.
Fiat currencies have no hard supply limits. Governments continue to print, inflation persists, and purchasing power erodes over time.
In the long run, only assets with real utility and provable scarcity preserve value.
Gold did it for centuries.
Bitcoin is doing it digitally — with absolute supply certainty.
Scarcity is no longer a theory. It’s becoming a necessity.
Whales vs Retail in Ethereum
Despite ETH’s sharp drop, inflows to accumulation addresses are rising.
Whales are buying, while retail is selling.
📊 A classic weak hands → strong hands transfer during market stress.
🔍 Full analysis available in our Discord server.
$XRP is entering a high-pressure distribution zone.
SOPR has fallen from 1.16 → 0.96, confirming increasing loss realization among holders.
Price remains below aggregate cost basis, a level that often triggers emotional exits.
📊 In the previous cycle (Sep 2021–May 2022), similar on-chain conditions led to a prolonged accumulation range before the next directional expansion.
• Bitirium Research