Since the $126k bitcoin top, this is now the third time the STH supply ratio has hit the 95% loss threshold.
Just nasty stuff - similar to the 2022 pain cycles on this metric.
Hope, then back to more pain.
The $BTC bottoming process continues.
#Bitcoin
Historically, when BTC exceeds the lower Bollinger Band on the 3-week timeframe, major lows have usually followed.
This time, however, the signal appeared unusually early in the cycle.
#Bitcoin Pattern worth watching 👀
Historically, #BTC’s bottom formed after 2 consecutive lighter red bars on the monthly logarithmic MACD histogram.
May hasn’t closed yet.
If history rhymes, the worst of the downside may already be behind us.
BTC: $76,630 · Q18 · Accumulation · above 110d MA
What happened the 400+ times we were here before — same quantile, same side of the MA?
· Q29 in 90d ($93k · +116% CAGR)
· Q65 in a year ($183k · +139% CAGR)
No one cares about bitcoin right now, per the sell-side risk ratio.
Sentiment and engagement on here align with the data.
Historically these are very opportunistic areas to accumulate for returns on any reasonable time horizon.
h/t @_Checkmatey_
#Bitcoin - dead cat bounce before more downside?
BTC is trading at a critical zone, the $77,000 is a strong support/ resistance zone since March 2025.
Two possible scenarios :
1) BTC bounces from this level and pushes higher toward the mid-range before another drop.
(Possible, but not my preferred scenario. Bear markets usually don’t make things easy and rarely give trapped traders a clean exit.)
2) BTC loses this support and continues lower, forming a new bottom before the next real bull cycle starts.
(Most likely to play out.)
#Bitcoin Bearish case scenario 👀
So far, #BTC just retested market structure.
From structure standpoint, only a reclaim would flip the trend from bearish to bullish on a macro scale.
This is not my base case, but it's a scenario that shouldn't be dismissed.
#Bitcoin - The final leg down coming?
In every cycle, the 200 & 300 MA have acted as key support zones for BTC.
• 2018 - BTC bottomed at the 200 MA
• 2022 - BTC broke below the 200 MA and bottomed below the 300 MA
Now in 2026:
• 200 MA sits around $61,400
• 300 MA sits around $54,500
The HTF structure has also turned bearish.
If BTC takes another leg down, there is a strong possibility of price testing the 200–300 MA zone again.
Historically, this area has acted as a major support and could potentially form the next bottom.