📊👀 Sentora: #DeFi TVL remains relatively stable this week, sitting near $131B after the drawdown; rotation into safer collateral and #RWA's continues to be a theme. #writetoearn
📊🤔 #BTC is trading well below its fair value implied by #ETF flows.
At around $108K, Bitcoin sits roughly 10% under the model’s expected price of $120K. That’s a strong deviation which points to sentiment, not structural weakness, driving the pullback.
That leaves plenty of upside once confidence returns.
📊 #BTC #ETF Glassnode: Spot Bitcoin ETFs are seeing net outflows, which have often clustered around local market lows as sentiment unwinds. When flows stabilize or turn positive, it has historically aligned with renewed demand and the early stages of trend recovery.
📊👀 #BTC Glassnode: Bitcoin Net-premium flows reveal concentrated selling across the $109K–$115K range, indicating that recent moves higher are being used to hedge.
This suggests traders are positioning defensively into strength while the market consolidates.
📊 #BTC Glassnode: Short-Term Holder NUPL highlights growing stress among recent buyers, reflecting a meaningful cooling of speculative excess. Historically, this type of short-term holder pain has aligned with healthier market conditions.
📊👀 #BTC The deepest drawdown this cycle has been -32%, compared to -50%+ in prior cycles. Shallow corrections reflect a spot-driven market, where #ETF's and Long-Term Investors steadily absorb supply.
📊👀 #BTC’s derivatives landscape is changing as Options OI begins to rival Futures. Markets are shifting toward defined-risk and volatility strategies, meaning options flows, rather than futures liquidations, are becoming a more influential force in shaping price action.