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Only 17 of the past 1,000 days has the Coinbase Premium printed this deep.
US spot demand is trailing offshore.
-$4.39B.
That's how far underwater US spot ETF holders are.
Yet, they still added 33,852 BTC in the last 30 days.
Underwater, and still net buyers.
Bitcoin’s key cost bases are within 2.6% of each other, the tightest coil since 2012.
4 times in history, this exact compression preceded massive multi-fold moves.
Here is what the on-chain data says about which way this coil likely breaks 👇🏼
$280M of Bitcoin futures longs were liquidated yesterday.
There have only been 5 bigger days in 2026.
Good to see Binance footing the bill. Expect more of this as AI gets even better at finding the cracks.
But Bitcoin's price itself has remained flat, which says it all.
Another good reminder: not your keys, not your coins.
US spot ETFs added 35,720 BTC in the last 30 days.
They're mostly underwater, but the wrapper keeps buying.
A US senator says the government could start adding to its Bitcoin reserve once market structure legislation passes.
"Once the bill passes" is doing a lot of heavy lifting in that sentence.
Tom | On-Chain Mind retweeted
Buying "Extreme Fear" and selling "Extreme Greed" lost 5.8% a year on Bitcoin.
Over the same period, price rose almost 9x.
I ran 44,000 backtests to find out why, and one signal inside the index delivered 24x the return of buy and hold with half the drawdown👇🏼
Buying "Extreme Fear" and selling "Extreme Greed" lost 5.8% a year on Bitcoin.
Over the same period, price rose almost 9x.
I ran 44,000 backtests to find out why, and one signal inside the index delivered 24x the return of buy and hold with half the drawdown👇🏼
Bitcoin hashrate is finally turning back up after the longest bear market for mining we’ve seen.
But it’s still almost 10% below its all-time high.
A recovery seems to be underway.
A correction from $85K to $80K and suddenly my feed is flooded with red thumbnails screaming the bear market is back.
What happened to the hardcore Bitcoiners from previous cycles?
We wouldn’t have even blinked at a 5% blip back then. Now everyone’s losing their minds.













