Long-term holders are selling hard.
~815K BTC sold in the past 30 days, the highest level since Jan 2024. With demand contracting, this sell-side pressure is weighing on the price Source: cryptoquant
Bitcoin's 50-day moving average is a few days from crossing below the 200-day moving average.
Each cross marked a local bottom: • September '23 • September '24 • April '25 If BTC is still in a bull market, the local bottom is forming. Holding $100,000 remains crucial. Source: Joe Consorti, Bloomberg
About $2.7b has come out of the bitcoin ETFs in the past month
New chart from @JSeyff puts it into context, and shows the two steps forward one step back pattern, it represents just 1.5% of total assets = 98.5% of aum hanging tough. Source: Eric Balchunas, Bloomberg Intelligence
Bitcoin sentiment is as bad as it was at the 2022 low.
Source: Glassnode, Joe Consorti
While everyone’s watching bitcoin… stablecoins quietly crossed $311 BILLION in circulation — processing more payments than Visa this year.
And nobody’s talking about it. Tether & Circle now hold $200B+ in U.S. Treasuries, earning $15B/year in interest — while moving $10 TRILLION across a system Wall Street can’t even see. Every stablecoin = a Treasury bond purchased. Every transaction = U.S. dollar dominance extended. Latin America runs on USD stables. The Middle East moves crisis liquidity through them. Corporates slash cross-border costs 70% — no banks, no permission, no friction. Welcome to the Eurodollar 2.0 era: faster, traceable, and Congress-approved. 📊 The numbers don’t lie: $1.5T Treasury demand by 2027 $50B+ in annual U.S. debt savings 55% growth in ten months 1-second settlement Meanwhile… China’s digital yuan? still not there. Where could we be heading by 2028? 💵 $2T in circulation? 🌍 25% of global remittances? 🏦 Trillions in tokenized assets? 🔗 A fully re-plumbed global financial system? The U.S. Dollar went digital — and didn’t even ask permission. Source: Shanaka Anslem Perera ⚡ @shanaka86 on X
Is bitcoin weakness signalling more downside ahead for the Nasdaq?
Source: Bloomberg
Bitcoin has gone down more than 20% SEVEN times this cycle
Source: Bitcoin magazine
Yesterday was 2nd worst day for bitcoin this year
Source: zerohedge
