"ForeDex" CVD by Order Size(Spot)
(Data based on a 1-month period)
- Whales & Mega Whales Only
1. Binance
2. Bybit
3. Bitfinex(usd)
4. Bitfinex(usdt)
View Chart
(Data based on a 1-month period)
- Whales & Mega Whales Only
1. Binance
2. Bybit
3. Bitfinex(usd)
4. Bitfinex(usdt)
View Chart
π Spot Misinformation? Tag Us @ForeDex_Proof
X Link: https://x.com/ForeDex_Proof
If you come across information related to on-chain data that is unclear or potentially misleading, Where possible, we will review it and provide a clear, evidence-based explanation.
X Link: https://x.com/ForeDex_Proof
If you come across information related to on-chain data that is unclear or potentially misleading, Where possible, we will review it and provide a clear, evidence-based explanation.
"ForeDex" CVD by Order Size(Spot)
(Data based on a 1-month period)
- Whales & Mega Whales Only
1. Binance
2. Bybit
3. Bitfinex(usd)
4. Bitfinex(usdt)
View Chart
(Data based on a 1-month period)
- Whales & Mega Whales Only
1. Binance
2. Bybit
3. Bitfinex(usd)
4. Bitfinex(usdt)
View Chart
This is the official ForeDex Telegram channel.
We share various analyses and market insights based on ForeDex data.
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We share various analyses and market insights based on ForeDex data.
foredex.io
π ForeDex Official Channels
ForeDex Global X
ForeDex Proof X
ForeDex Founder
π Regional X Channels
1. ForeDex MENA X
β Middle East & North Africa channel
2. ForeDex LATAM X
β Latin America channel
3. ForeDex HK X
β Hong Kong channel
4. ForeDex JP X
β Japan channel
5. ForeDex FR X
β France channel
6. ForeDex Africa X
β Africa channel
7. ForeDex Vietnam X
β Vietnam Channel
7. ForeDex KR X
β ForeDex Korean X channel
π Regional Telegram Channels
1. ForeDex KR Telegram
β ForeDex Korean Telegram channel
πForeDex Author TariqElliot links current rally to the LTH/STH Supply Ratio:
πΈRise in indicator means that coins are moving from weak hands (speculators) to strong hands (long-term investors +155 days)
πΈUpward movement of the indicator line implies an accumulation phase, where whales hold on to their positions, making the rally more stable
πΈIn summary, we are in a phase of strategic dominance, and the price is currently driven by investment conviction rather than just temporary FOMO
View Chart
πΈRise in indicator means that coins are moving from weak hands (speculators) to strong hands (long-term investors +155 days)
πΈUpward movement of the indicator line implies an accumulation phase, where whales hold on to their positions, making the rally more stable
πΈIn summary, we are in a phase of strategic dominance, and the price is currently driven by investment conviction rather than just temporary FOMO
View Chart
πPossible BTC Scenarios by ForeDex Author KaanChart :
Bitcoinβs upward momentum remains intact while approaching a monthly resistance zone, supported by rising futures taker Buy/Sell ratio, positive IBIT inflows and the market sentiment (The Fear and Greed Index).
π’Holding above 79k-80k keeps the path open toward liquidity at 83k-87k.
π΄However, losing 79k could push the market into a deeper correction and rebalancing before resuming the trend.
View Chart
Bitcoinβs upward momentum remains intact while approaching a monthly resistance zone, supported by rising futures taker Buy/Sell ratio, positive IBIT inflows and the market sentiment (The Fear and Greed Index).
π’Holding above 79k-80k keeps the path open toward liquidity at 83k-87k.
π΄However, losing 79k could push the market into a deeper correction and rebalancing before resuming the trend.
View Chart
π₯1
πForeDex Author OnChainBR compares the current OTC flow with the past:
"The OTC Buy-Side Liquidity Flow sits at 5.58k on May 5th, with the 14-day SMA at 3.58k and Bitcoin at 81k."
β‘οΈ In 2024, strong OTC flows suggested major institutional Bitcoin accumulation, supporting the rally from around $40k to $100k.
β‘οΈ But since late 2024, OTC flow has dropped sharply and stayed low, while price corrected from 100k to 74k region.
β‘οΈ In 2026 the flow remains low at 5.58k, but price has recovered to 81k without the OTC support that existed in the previous cycle.
βοΈ The key point is that previous strong rallies were supported by high OTC flow, while the current move is rising without that same fuel.
View Chart
"The OTC Buy-Side Liquidity Flow sits at 5.58k on May 5th, with the 14-day SMA at 3.58k and Bitcoin at 81k."
β‘οΈ In 2024, strong OTC flows suggested major institutional Bitcoin accumulation, supporting the rally from around $40k to $100k.
β‘οΈ But since late 2024, OTC flow has dropped sharply and stayed low, while price corrected from 100k to 74k region.
β‘οΈ In 2026 the flow remains low at 5.58k, but price has recovered to 81k without the OTC support that existed in the previous cycle.
βοΈ The key point is that previous strong rallies were supported by high OTC flow, while the current move is rising without that same fuel.
View Chart
π₯1
BlackRock just went all-in on #BTC!!!...or...DID THEY?π§
ForeDex_Proof explains common misconceptions about ETF settlements and Bitcoin transfers from associated wallets.
Key points:
βοΈ In the U.S., most securities trades, including ETFs, are executed on the trade date (T) and settled on the next business day (T+1).
βοΈ We can observe daily net inflows and outflows for each ETF on the same day (execution), but the actual asset movement corresponding to those trades occurs on the next business day (T+1 settlement).
βοΈ Therefore, BTC moving from IBIT/FBTC wallets before market open does not mean βBlackRock or Fidelity is buying or selling ahead of the market.β
π«‘Without understanding this structure, simple settlement flows can be misinterpreted as front-running or intentional trading activity. This can lead to misinformation and repeated conspiracy narratives.
Read more
ForeDex_Proof explains common misconceptions about ETF settlements and Bitcoin transfers from associated wallets.
Key points:
βοΈ In the U.S., most securities trades, including ETFs, are executed on the trade date (T) and settled on the next business day (T+1).
βοΈ We can observe daily net inflows and outflows for each ETF on the same day (execution), but the actual asset movement corresponding to those trades occurs on the next business day (T+1 settlement).
βοΈ Therefore, BTC moving from IBIT/FBTC wallets before market open does not mean βBlackRock or Fidelity is buying or selling ahead of the market.β
π«‘Without understanding this structure, simple settlement flows can be misinterpreted as front-running or intentional trading activity. This can lead to misinformation and repeated conspiracy narratives.
Read more
π₯1
"ForeDex" CVD by Order Size(Spot)
(Data based on a 1-month period)
- Whales & Mega Whales Only
1. Binance
2. Bybit
3. Bitfinex(usd)
4. Bitfinex(usdt)
View Chart
(Data based on a 1-month period)
- Whales & Mega Whales Only
1. Binance
2. Bybit
3. Bitfinex(usd)
4. Bitfinex(usdt)
View Chart
π₯1
Interesting pick from ForeDex Author G a a h :
β οΈ#Bitcoin has reclaimed the STH Realized Price for the first time since losing it in October 2025β οΈ
"If price holds this level as support, it's a positive sign that the bear market may have ended."
View Chart
β οΈ#Bitcoin has reclaimed the STH Realized Price for the first time since losing it in October 2025β οΈ
"If price holds this level as support, it's a positive sign that the bear market may have ended."
View Chart
π₯1
ForeDex Author Crypto Dan alerts that we may be at the bottom of the downward cycle:
"Crypto investors need to know that this is a truly critical period right now."
β‘οΈ Historically, whale withdrawals from exchanges have often appeared near the bottom of the downtrend cycle
β‘οΈ When this pattern repeats, it can be suspected as whales' accumulation near the bottom
βοΈ In the current range, signs of whale accumulation are also starting to become visible.
View Chart
"Crypto investors need to know that this is a truly critical period right now."
β‘οΈ Historically, whale withdrawals from exchanges have often appeared near the bottom of the downtrend cycle
β‘οΈ When this pattern repeats, it can be suspected as whales' accumulation near the bottom
βοΈ In the current range, signs of whale accumulation are also starting to become visible.
View Chart
π₯1
ForeDex Author Rei Researcher points out something that is missing from this #Bitcoin rally compare to the previous ones:
πΈ From 2023 to early 2025, major #BTC rallies were accompanied by strong and frequent spikes on Bitcoin Spot Taker Buy Volume chart, but those spikes gradually became less frequent and less intense throughout 2025.
πΈ In 2026, buy volume is clearly much lower than previous periods, with only a few moderate spikes remaining.
"Spot buying pressure is weaker than before, suggesting investors are being cautious or waiting for clearer catalysts. However, the price continues to hold firmly above the 80K zone, indicating that selling pressure is not overly aggressive yet."
View Chart
πΈ From 2023 to early 2025, major #BTC rallies were accompanied by strong and frequent spikes on Bitcoin Spot Taker Buy Volume chart, but those spikes gradually became less frequent and less intense throughout 2025.
πΈ In 2026, buy volume is clearly much lower than previous periods, with only a few moderate spikes remaining.
"Spot buying pressure is weaker than before, suggesting investors are being cautious or waiting for clearer catalysts. However, the price continues to hold firmly above the 80K zone, indicating that selling pressure is not overly aggressive yet."
View Chart
π₯1