Interesting pick from ForeDex Author G a a h :

⚠️#Bitcoin has reclaimed the STH Realized Price for the first time since losing it in October 2025⚠️

"If price holds this level as support, it's a positive sign that the bear market may have ended."

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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."

➡️ Historically, whale withdrawals from exchanges have often appeared near the bottom of the downtrend cycle
➡️ When this pattern repeats, it can be suspected as whales' accumulation near the bottom

⭐️ In the current range, signs of whale accumulation are also starting to become visible.

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ForeDex Author Rei Researcher points out something that is missing from this #Bitcoin rally compare to the previous ones:

🔸 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.

🔸 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."

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#Bitcoin Spot ETF inflow summary by ForeDex Author Kaan:

🟢Daily inflow momentum slowed to +571 BTC, but Bitcoin spot ETFs are still showing strong long-term accumulation.

"The important thing now is that institutions have not left the market."

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Follow-up on #Bitcoin Short-Term Holder Realized Price by ForeDex Author Lukasz Wydra:

"Bitcoin (BTC) Short-Term Holder Realized Price is currently at $79,150 and is beginning to show signs of flattening."

⚠️ To speak about further upside, this level must be:
➡️ maintained on the weekly candle close,
➡️ and later retested from above as support.

Will #BTC be able to hold? 👀

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Wow! A must-read from ForeDex Author Pelin Ay on #Bitcoin Whale Exchange Netflow:

As of May in the chart:

🔴Whale inflows: ~2.57K BTC
🟢Whale outflows: ~1.85K BTC

❗️ When whale inflows exceed outflows, more #BTC is moving into exchanges than leaving, which has historically been associated with increased short-term selling pressure on Bitcoin.

❗️ Despite higher whale inflows, BTC holding around $81.5K and continued outflows of ~1.85K BTC suggest that demand is still absorbing sell pressure while some large holders continue moving coins off-exchange.

❗️ If whale outflows start to exceed inflows again, it could suggest easing sell pressure and stronger support for the uptrend.

➡️ "The current setup indicates that short-term volatility risk persists. Because whale inflow data is signalling that potential selling supply is arriving in the market. The price is inflated. It's worth keeping an eye on."

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ForeDex Author Arab Chain on Bitcoin Mining Corporate Market Cap Ratio (BMCM):

⭐️ Bitcoin mining stocks’ market-cap ratio has reached its highest level since 2023, suggesting renewed investor confidence and stronger relative performance versus #BTC itself.

"This upswing reflects a return of investor confidence in the sector, supported by improved margins or positive expectations."

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ForeDex Author Rei Researcher discusses 200 Week Moving Average (200 WMA) and possible Bitcoin scenarios:

🔸The 200 WMA remains one of Bitcoin’s strongest long-term support indicators, and the broader uptrend still appears intact after a sharp V-shaped recovery supported by improving sentiment, stable ETF inflows, rate-cut expectations, and crypto-friendly policy momentum.

"Currently, price is trading far above the 200 WMA → a correction, sideways movement, or mild pullback may occur soon to allow the WMA to catch up."

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☀️ Weekend Bitcoin Dive with ForeDex Author Pelin Ay on BTC Perpetual-Monthly Basis:

➡️ The Bitcoin basis ratio in the chart shows how much premium investors in the perpetual/futures market are willing to pay. In other words, it measures the market's appetite on the leveraged side.

[...]

➡️ The basis is now near historically low levels, signalling fading market enthusiasm. Since February, this decline has continued even as Bitcoin attempts a sideways recovery, creating a clear divergence between weakening derivatives support and resilient price action.

📉Without fresh spot inflows, this divergence could eventually resolve to the downside
📈While strong spot volume would be needed to confirm an upside breakout.

"Given the uncertainty in the market, with spot demand unlikely to materialize, we'd be wise to prepare for a downside break."🥺

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🪙 $BTC is holding near $80K, but Open Interest flow may be revealing what traders are really doing.👀

ForeDex Author Rei Researcher breaks it down using foredex.io data:

➡️ OI Netflow’s 30-day SMA is turning green and trending upward, suggesting new derivative positions are being opened continuously, with capital "charging" into the market very strongly. 📊🏃‍♂️🏃

➡️ Volatility compression: History shows that periods of strong OI fluctuations with large amplitudes are often the precursor to a major price "shift."

➡️ Sensitive price zone: At the $79.9k threshold, the increase in OI is not just excitement, but institutional confirmation of the next trend.

➡️ High OI = High Leverage. Be cautious of "stop-hunts" on both sides before a clear trend is established.🦈

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📈Changes in #BTC Spot ETF flows throughout 2024, 2025 and 2026 explained by ForeDex Author Pelin Ay:

➡️ ETF accumulation that began in 2024 is still holding strong, with total net flows steady near 760K $BTC, signalling that long-term institutional demand remains robust.

🔸2024: ETF inflows were aggressive and consistent, helping support Bitcoin’s major upward trend.
🔸2025: Flows became more sideways and volatile. New capital continued to enter, but the momentum clearly weakened compared to 2024.
🔸2026: There have been short-term attempts at renewed positive flows, but they remain weaker than the strong inflow periods seen in previous years.

[...]

⚠️ The chart shows a clear divergence: despite historically strong ETF accumulation, Bitcoin’s failure to accelerate at the same pace suggests rising leverage and short-term speculation, which can lead to sideways movement before a sharp directional move.📊

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🌟ForeDex Recognized Author Arab Chain relates the current #Bitcoin price movement to the RHODL Ratio:

"Currently, the indicator's stability within moderate levels suggests the market hasn't yet reached a full-blown bubble and that there is still room for further upward movement."

🔸 The RHODL Ratio is moving near 1.26K while Bitcoin trades around $80,000, remaining far from overheated levels and suggesting $BTC has not yet entered the excessive speculation zone historically seen near major bull market peaks.

🔸 The indicator’s stability at moderate levels suggests the market has not yet entered a full bubble phase, leaving room for potential further upside.

🔸 Its recent decline and stabilization appear to reflect healthy liquidity rotation rather than panic selling, while long-term holders continuing to hold supports overall price stability.

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