$ETH
Here is similar data for ETH, which hit its lowest daily RSI ever today.
The table shows the 6 worst daily RSI's since 2021 and what the 30d, 60d, and 90d returns were for each.
Bitcoin is at the same price as two years ago, but one thing is different.
The 6m–2y cohort, who joined this cycle, now holds 53% of realized cap, up from 15% two years ago. Last cycle, Bitcoin bottomed when this hit 68%.
Short-term holders are evolving into long-term holders.
This distribution phase feels like a massive change of hands.
Bitcoin investors' average cost basis is around $53K.
Historically, bear markets ended only after the price fell below the realized price. I thought that level would be hard to revisit, given institutional inflows and MSTR barely selling any BTC.
But current price action suggests unusually strong sell pressure.
• Since Jan 2023, MSTR bought 711,206 BTC and sold only 32 BTC, removing 711,174 BTC from circulation.
• Since BTC was also $63K in Mar 2024, ETFs absorbed 509,102 BTC and MSTR bought 650,706 BTC. That is 1,240,808 BTC absorbed, yet price is back at the same level.
• For context, exchange reserves are around 2.7M BTC, and Satoshi is estimated to hold around 1M BTC.
More BTC than Satoshi’s stack, nearly half of exchange reserves, has been absorbed, and price is still back at the same level.
@mariusln_@BenjolATP@rolandgarros Oui où j échange Lenglen contre Simone tous les jours lol
Déjà Shelton n5 c est chatrier avec le match de Monfils (1 en journée, 1 en soirée)
@UniversTennis Si tu veux rendre hommage à Warwinka j ai dû mal à croire qu il soit en Night ce match.
Sur le lundi donc à part Monfils/Gaston je ne vois ce que tu peux mettre en night ? Voir Shelton/Mérida...mais c est tout...
🗞️ Retail activity hits historic Lows as BTC Inflows collapse
It is often said that the Bitcoin market is constantly evolving and transforming over time.
This can notably be observed through the behavior of different market participants, especially retail investors.
Here, retail investors refer to holders owning less than 1 BTC.
Today, BTC inflows to Binance coming from retail investors have just reached their lowest level ever recorded.
💥 The monthly average of retail BTC inflows on Binance now stands at only 314 BTC.
➤ During this cycle, that average had reached around 1,800 BTC during the bear market, and roughly 1,200 BTC during the first top in March 2024.
➤ For comparison, retail inflows peaked at 5,400 BTC in 2018 and 2,600 BTC in 2021.
Retail participation has continuously declined over time, almost as if this category of investors is gradually disappearing from observable on-chain activity.
A significant portion of them likely left the market or moved away from the constraints associated with holding BTC directly, choosing instead exposure through spot Bitcoin ETFs.
➤ Retail inflows on Binance were still around 1,000 BTC in January 2024. They have therefore declined by more than 3x in just two years.
👉 Retail investors are less active than ever. This is a clear sign of the transformation of the Bitcoin market, whose evolution has progressively reshaped the profile and behavior of investors.
So much bearish sentiment.
“Exit pumps”
“Weakness”
“$40k coming”
When long term holder Bitcoin supply is almost at the highest level ever with 2.1 million Bitcoin added in months.
This is the largest spike in long term holder accumulation in bitcoins history.
We are not going to make new lows.
Fuck all bears.
@ImmigreParisien C clair Ruiz cata mais dans un match d une telle intensité, si tu n es pas dans le rythme c est mort.
Pourquoi pas tenter Beraldo en milieu , en plus il apporterait de la tête...
Faut avoir conscience que Ruiz actuellement c est pas le Ruiz de 2025...
🚨COINBASE LÂCHE LE MARCHÉ ? LE PREMIUM PASSE EN NÉGATIF.
Vous avez remarqué ce qui s’est passé quand les acheteurs sur Coinbase ont arrêté d’enchérir ?
Le Coinbase Premium est repassé en négatif, ce qui signifie que la pression vendeuse est désormais plus forte côté investisseurs US (institutionnels + gros capitaux).
Depuis, le prix ne fait que baisser.
En clair :
Quand le Coinbase Premium est positif → les institutionnels américains achètent → signal haussier.
Quand il est négatif → ils vendent ou arrêtent d’acheter → pression baissière.
Là, le signal n’est clairement pas anodin.