🔍 Key BTC & Market Insights:
1⃣ BTC is oversold for the first time since August 2024—back then, this led to a 33% price increase.
2⃣ If $BTC follows the 2015-2018 cycle, we might see more upside potential before the market reaches its peak.
3⃣ The main reason behind Bitcoin ETF outflows is the declining CME futures premium (basis down to ~4%), making cash-and-carry arbitrage less attractive—especially with risk-free 10-year U.S. Treasury yields (~4.3%) offering a comparable return.
4⃣ The STH MVRV (155-day metric) has dipped below 1 at times, signaling short-term undervaluation and potential reversal zones. The current levels are once again approaching the lower boundary.
5⃣ BTC 14-day RSI (RHS)—a self-explanatory chart.
6⃣ Whales are buying the dip. Wallets holding at least 0.1% of BTC’s circulating supply have added nearly 15,000 BTC (≈$1.28B) to their balances below $90K.
7⃣ BTC’s correlation with equities is clearing liquidation clusters at $82K, while investors remain neutral. $75K looks like an attractive target—unless BTC’s oversold conditions and strong mean reversion forces take over.
#MarketSentimentToday #Market_Update #bitcoin #BuyTheDip #HODL $BTC
💬 What’s your move?