โ ๏ธ ๐ช๐ถ๐น๐น ๐๐ถ๐๐ฐ๐ผ๐ถ๐ป ๐๐ฎ๐น๐น ๐๐ฒ๐ณ๐ผ๐ฟ๐ฒ ๐๐๐ฟ๐๐ต๐ฒ๐ฟ ๐๐น๐ถ๐ด๐ต๐? ๐๐ฒ๐ ๐ข๐ป-๐๐ต๐ฎ๐ถ๐ป ๐๐ถ๐ป๐๐ ๐ฆ๐ฎ๐ โ๐ช๐ฎ๐ถ๐โ
Bitcoin is still holding above $107K, but some important on-chain data is raising red flags for the short term. Hereโs what every trader should know before going all in ๐
๐ป 1. Miner Selling May Be Coming Soon
โก๏ธ Puell Multiple just surged 25% to 1.26, showing miners are making higher-than-usual profits.
โ ๏ธ Historically, this leads to increased selling pressure as miners take profit during price peaks.
๐ 2. Overvaluation Signal: NVT Ratio Up 84%
โก๏ธ The NVT Ratio has jumped to 55.17, meaning price is rising much faster than network activity.
This often signals Bitcoin is overvalued and may correct if demand doesnโt catch up.
๐ฆ 3. BTC Exchange Inflows Are Back
โก๏ธ For the first time in weeks, BTC saw + $57.5M net inflows to exchanges.
Thatโs a strong hint that holders are preparing to sell, not hold. Watch for increased sell orders.
๐ 4. Most Wallets in Profit โ But Thatโs a Risk Too
โก๏ธ Right now, 98.8% of BTC wallets are in profit.
Sounds bullish? Not always. This usually means less dip-buying support โ everyone is just waiting to sell higher.
๐ 5. Address Activity Not Keeping Up
โก๏ธ Active addresses are declining, while price keeps rising.
This creates DAA divergence, often seen before a pullback โ because real users arenโt following the hype.
๐ง TL;DR โ What Should Traders Do?
โ Stay cautious near $107K
โ Donโt blindly chase green candles
๐ Watch out for:
Miner sell-offs
Exchange inflows
Fading address activity
Weak demand support zones
If Bitcoin fails to attract real usage and fresh demand, it may correct back toward stronger support zones soon.