đš $BTC Enters a High-Tension Repricing Phase
STH MVRV compresses toward ~0.8 while the STHâLTH MVRV spread collapses â a structure historically seen near late-correction clusters.
đ Short-term holders capitulate.
đ Long-term holders quietly absorb supply.
Liquidity isnât leaving â itâs rotating.
On Binance, Open Interest (7D) spikes vertically as price attempts stabilization.
This divergence = leverage reloading into weakness, not confidence.
Net taker volume prints sharp extremes â forced unwinds + reactive positioning âĄ
Volatility compression under these conditions rarely resolves sideways.
Meanwhile:
âą 30D STH Realized Cap change dives deeply negative â selling at a loss
âą LTH realized positioning turns constructive â accumulation into fear
This is a structural transfer of coins from weak to strong hands â not emotion, not noise.
đ When realized losses peak
đ while leverage rebuilds
đ and MVRV compresses
The market enters an inflection window.
Outcome paths:
đ§č Final liquidity sweep to complete the reset
đ„ Or a violent short squeeze igniting the next impulse
Either way â expansion is loading.