mining company "Bitfarm"s has resumed selling Bitcoin since October 2025.

They sold an additional 150 BTC yesterday.

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📝 ForeDex Author Kaan

Bitcoin: Whales Are Absorbing the Fear! 🐋

“Institutional accumulation” is aggressive:

• ETF inflows: Massive +8,253 BTC in a single day.
• Bear trap in play: Funding rate is negative (-0.59%), signaling a potential strong short squeeze.
• Fear Index at 40: Historically a “smart money” accumulation zone.

Price is absorbing selling pressure around $77.6K, with the next target at the $85K zone.

The liquidity map shows a clear cluster above price in the $79.5K – $80.5K range.

This creates a favorable setup for short liquidations, as upper liquidity becomes the nearest target.

As long as price holds the $76.8K level, pullbacks can be viewed as buying opportunities toward higher liquidity zones.

Funds are buying — are you selling? 📉🚀

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📝 ForeDex Author OnChainBR

After months of sellers dominating the futures market, last week brought a change worth paying attention to

The Futures Taker Buy/Sell Ratio closed at 0.15 on May 2nd, touching exactly the historical resistance level that the chart has been signaling since November 2024. It is the highest level in that entire period

The most important detail is not just the number itself, but the contrast with the moving averages. The 7-day SMA sits at 0.03 and the 30-day SMA at 0.04. That means this buying was aggressive and concentrated in a short window, not a trend that has been building gradually

This kind of reading usually points to two things: either a short squeeze playing out, or a one-time institutional entry. In both cases, the market was positioned short and someone bought aggressively

It is too early to call it a trend reversal. But it is exactly the type of signal that shows up before one.

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5. Pelin Ay 🇹🇷

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📝 ForeDex Author The Alt.

"LTH Realized Price"
Realized price shown in on-chain data, currently around 48K, has lost accuracy due to structural changes in the market.

This metric was once an extremely effective tool, but Bitcoin, like a living organism, continuously evolves alongside changes in market structure.

The most significant shift between the past and the present is the approval of spot ETFs.

After the approval of spot ETFs, internal accounting movements within custody wallets are not reflected in on-chain data, which leads to distortions in the traditional realized price metric.

Therefore, the actual realized price is likely higher than what is currently observed.

In many cases, spot Bitcoin ETFs store actual BTC in cold wallets managed by custodians such as Coinbase Prime—effectively making these holdings off-chain.

While the current Long-Term Holder realized price appears to be around 48K, a more accurate estimate, considering these factors, is closer to $55,000.

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📝 ForeDex Author Rei Researcher

"ETH/BTC OI Flow Ratio" Remains in the SAFE Zone

BTC has strongly recovered to 80k, but the ETH/BTC OI Flow Ratio is only at 56.13%
→ Still comfortably sitting in the healthy balanced zone (45-65%). No signs of overheating yet.

The market still has plenty of room for ETH to catch up without fear of a bubble. The ratio hasn’t hit the ceiling, and the trend remains positive.

Historically, when the ratio reaches 65%, there is usually a mild correction to bring the market back into better balance. Right now, although BTC needs to break above 85k to confirm the long-term uptrend, the overall picture remains quite bullish after a long period of consolidation.

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📝 ForeDex Author Crypto Dan

"Market Analysis Based on Surge in Altcoin Search Volume"

A sharp increase in search volume for altcoins indicates a rise in overall market attention, which can be interpreted as a sign of overheating.

In other words, when public interest spikes rapidly, it signals that risk management should become a priority.

However, at present, overall retail interest remains relatively low. In the case of Bitcoin, this suggests that gradual accumulation could allow investors to secure a highly favorable position from a mid- to long-term perspective.

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📝 ForeDex Author Pelin Ay

Recently, "Mining Company Sell-Side Flow" has started to rise again, indicating that miners are selling. However, these are not aggressive or sudden sell-offs, but rather controlled and continuous distributions. This creates pressure on the market without triggering a sharp collapse.

BTC is currently trading slightly above the average production cost (~$71.7K, red) and well above the operational floor (~$45K, green). This suggests that most miners are still profitable, making their selling activity relatively natural.

However, the gap between price and production cost is narrowing. This implies shrinking profit margins for miners and increases the likelihood of additional selling pressure. If prices fail to move higher, fear of downside may lead to more aggressive selling- Read More

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