📊 ON-CHAIN ALERT | Why Institutional Wallets Are Selling $BTC
Bitcoin is facing strong headwinds, and on-chain data is flashing clear warning signals.
Dip buying near $70K remains weak, while every bounce is aggressively sold — a classic sign of distribution.
🔍 Key On-Chain Signals Turning Bearish:
🔴 Institutional Netflows
Major ETFs and institutional wallets have shifted from accumulation to distribution.
This marks a structural change in market behavior.
🔴 Short-Term Holder Cost Basis
$BTC is trading below the STH cost basis, meaning recent buyers are underwater.
Result? Every rally meets a heavy supply wall as traders rush to exit at breakeven.
🔴 Market Stress Signals
Realized losses are rising — a sign of forced, emotional selling.
At the same time, put option demand is surging, showing traders are actively hedging against a deeper drop.
⚠️ This is not healthy rotation.
It’s defensive positioning driven by fear, not opportunity.
Without clear institutional demand stepping in, any upside move in $BTC remains fragile and vulnerable to rejection.
📉 Verdict: Bearish Bias Until Proven Otherwise
💬 Do you see absorption forming, or is this just another dead-cat bounce?
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