ForeDex

🧸 ForeDex Recognized Author 0xGummyBear tracks price support alongside holder confidence: 🟣 The reported Binance theft has shaken short-term market confidence, but $BTC has recovered from around $76.5K to $78K, remaining above the 'STH Realized Price' near $75,860. Holding this support is viewed as an important signal that the broader bullish trend remains intact. 🟣 'STH SOPR' provides another measure of holder confidence and realized selling pressure. The indicator reached 0.922 during the current pullback, compared with 0.957 at the previous bear market bottom. 🔎 The 'STH Realized Price' and SOPR levels around 0.922–0.957 remain key references for assessing whether the current weakness is a temporary bull market correction or a deeper shift in market sentiment. View Chart

ForeDex Recognized Author 王怪力 revisits the pullback through holder profitability: 📉 $BTC has pulled back after reaching $84.8K, putting renewed pressure on short-term holder profitability. 'STH Supply in Profit' currently stands at 42%, with the latest decline potentially pushing the ratio further down into the 30–39% range. 📉 A deeper drop toward 5–10% is viewed as a potential bottoming signal. The key price zones are $74.5K and $64K–$66K, with gradual accumulation preferred over attempting to predict the exact bottom. ✅ View Chart

Who is carrying the bounce? ForeDex Recognized Author Yurie P weighs retail buying against whale selling 🏋️: 🦐 Following the reported Binance hack, calls to buy the dip needs to be taken with caution. ForeDex CVD shows the rebound is driven mainly by retail buying, while $100K–$10M whale-sized orders remain net sellers, limiting support for a strong recovery. 🐳 Last October saw record liquidations and a major market crash, while this October has brought a significant exchange hack. The timing is notable, particularly alongside Elon Musk’s “Everyday is Zeroday” remark, though no direct connection has been established. For now, short-term trading warrants continued caution. ⚠️ View Chart

Daily ForeDex CVD by Order Size (Spot) Snapshot 📸 🔸 Whales and Mega Whales Only 🔸 Based on a 1 month period (1M) 1. Binance: Increased 📈 2. Bybit: No Change ➖ 3. Bitfinex (USD): No Change ➖ 4. Bitfinex (USDT): No Change ➖ ✅ Summary: Whale CVD edged slightly higher on Binance, while Bybit, Bitfinex USD, and Bitfinex USDT remained at yesterday’s levels. View Chart

⚠️ ForeDex Data Update - Binance Security Incident Following today's reported Binance security incident, ForeDex has excluded the related abnormal transactions and outflow volumes from today's data calculations to prevent significant data distortion. 📊 Affected Indicators: • Bitcoin Exchange Outflow • Bitcoin Exchange Netflow • Bitcoin Exchange Whale Outflow • Bitcoin Exchange Whale Netflow • Bitcoin Whale Outflow Transactions ✅ These adjustments have been applied to maintain the accuracy and reliability of our on-chain data. ForeDex remains committed to providing accurate data, and we hope the situation at Binance is resolved safely and promptly. Thank you for your understanding! 🙏

🦄 A familiar reading returns, but price still has to prove the move. ForeDex Recognized Author welinkBTC examines the setup: 🤩 #Bitcoin’s 'Adjusted Unrealized Profit Stress Ratio (UPSR)' has recovered to 84% after falling near 20%, remaining well below the 220% euphoria threshold. Similar recoveries above 84% in 2016, 2020, and 2023 preceded major multi-month rallies. 📈 ✨ With $BTC up 37% from its low, MVRV stands at 1.54, NUPL at 0.38, and SOPR near 1.00. The Fear & Greed Index is neutral at 50, while Spot ETFs recorded $137M in net inflows on October 28, led by IBIT. ✨ The current structure reflects reduced unrealized profit pressure and returning ETF demand, but price confirmation remains essential. A sustained break above $86,600 would open the path toward $96,900, while losing $79,700 would invalidate the recovery setup. ✅ View Chart

ForeDex Recognized Author Pedro examines the buying flow appearing in spot markets: ✅ 'Bitcoin’s Spot Taker Buy/Sell Ratio' recorded one of its strongest positive readings in recent weeks, showing a sharp increase in aggressive spot buying. 📈 ✅ Similar buying pressure has preceded sustained price advances, raising the possibility of a local $BTC bottom. However, isolated spikes can still be absorbed without a lasting recovery. View Chart

ForeDex Recognized Author Abramchart compares current ETF selling with the wider flow picture: ➡️ 'U.S. Spot Bitcoin ETF Netflow Total' are seeing net selling, but the 30-day, 50-day, and 100-day moving averages of net flows remain positive, with the 100-day average barely above zero. 🏋️ ➡️ $BTC continues holding near $81K, suggesting ETF investors have not entered widespread panic selling. However, sustained outflows that push these moving averages below zero would indicate a broader shift from temporary profit-taking toward persistent ETF selling pressure. View Chart

Daily ForeDex CVD by Order Size (Spot) Snapshot 📸 🔸 Whales and Mega Whales Only 🔸 Based on a 1 month period (1M) 1. Binance: Increased 📈 2. Bybit: No Change ➖ 3. Bitfinex (USD): No Change ➖ 4. Bitfinex (USDT): Increased 📈 ✅ Summary: Binance whale CVD increased slightly, while Bitfinex USDT also moved higher. Bybit and Bitfinex USD showed no change from yesterday. View Chart

ForeDex Recognized Author Kaan examines #Bitcoin's liquidity balance after a rejected rebound: 👨‍🏫 $BTC is trading near $80.7K after a rebound toward $81.5K was rejected. 'Stablecoin Reserves' remain near $55.73B, providing potential buying liquidity, while 'Bitcoin Exchange Reserves' have risen to 2.85M $BTC, increasing the supply available for trading. ➡️ The liquidation heatmap shows liquidity below $80K, with larger clusters above $81.5K–$82K. Both buying capacity and sellable $BTC supply remain elevated, making actual capital flows more important than liquidity levels alone. 📊 Reclaiming $81.5K and then $82K would strengthen the bullish scenario, while losing $80K would shift attention toward lower liquidity zones. ✅ View Chart

ForeDex Recognized Author Rei Researcher examines where Korean exchange activity is returning: ⭐️ Korean exchange volume has recovered, but activity remains concentrated in altcoins rather than $BTC. After briefly reaching 2.6T on August 22, daily volume has ranged around 0.6T–1.1T through September and October, while $BTC volume remains near its lows. ⭐️ With $BTC trading near $80.1K, the current pattern reflects speculative rotation into altcoins rather than broad $BTC demand. A recovery in $BTC’s share of trading volume would signal stronger market participation. View Chart

Long term holders bring another view of the cycle. ForeDex Recognized Author 0xGummyBear tracks the profit floors: 🧸 Historically, 'LTH Supply in Profit' has bottomed near 50% during major bear markets. During subsequent recoveries, pullbacks brought the ratio to 58% in March 2020, 59% in March 2023, and 69% in October 2023, with successive lows generally rising as bull markets developed. 🟣 In the current cycle, 'LTH Supply in Profit' recovered from a 54% bear market low, with the latest pullback reaching only around 67%. Another deep correction could still occur, potentially creating a final major buying opportunity. 🟣 However, spot ETFs and more mature derivatives markets may have reduced #Bitcoin’s volatility, making such a pullback less certain. Overall, the indicator supports the view that #Bitcoin has already moved beyond its bear market bottom. View Chart

Daily ForeDex CVD by Order Size (Spot) Snapshot 📸 🔸 Whales and Mega Whales Only 🔸 Based on a 1 month period (1M) 1. Binance: Decreased 📉 2. Bybit: No Change ➖ 3. Bitfinex (USD): No Change ➖ 4. Bitfinex (USDT): No Change ➖ ✅ Summary: Binance whale CVD decreased slightly from yesterday, while Bybit and both Bitfinex pairs showed no change. View Chart

Daily ForeDex CVD by Order Size (Spot) Snapshot 📸 🔸 Whales and Mega Whales Only 🔸 Based on a 1 month period (1M) 1. Binance: Decreased 📉 2. Bybit: No Change ➖ 3. Bitfinex (USD): No Change ➖ 4. Bitfinex (USDT): No Change ➖ ✅ Summary: Binance whale CVD decreased slightly from yesterday, while Bybit and both Bitfinex pairs showed no change.

⛓️‍💥Price is recovering, but liquidity is lagging. ForeDex Recognized Analyst Tom Tucker looks at the disconnection: 📊 $BTC is trading near $80K, but the recovery has yet to receive confirmation from underlying liquidity. ForeDex’s 'Market Liquidity Regime Index' previously flagged Distribution near several major Bitcoin tops. ❓ The indicator has not produced a new Accumulation signal during the current recovery. Price is attempting to move higher, but liquidity conditions have yet to confirm a broader bullish shift. 🤯 View Chart

ForeDex Recognized Author 리치나비 examines fading futures momentum and weak spot liquidity: 👨‍🏫 The broader #Bitcoin outlook remains bearish, with new lows still expected. A technical rebound toward the midpoint or upper boundary of the descending channel remains possible, but the market lacks the structural strength for a sustained uptrend. 🐢 ✅ The 'Coinbase-Binance Spot Gap' has fallen below -$100, reflecting weak U.S. spot demand. Meanwhile, Binance futures funding has continued rising during the October correction, resembling May's pattern as leveraged long positions build despite weakening momentum. ✅ $BTC could rebound again near $78K–$80K, but broader spot liquidity remains weak. Futures volume momentum, which supported the August–September rally, has also turned lower at long-term resistance, reinforcing the broader bearish outlook. 📉 View Chart

💹 ForeDex Recognized Author Marcelo Pravatta examines whether a familiar support pattern can open another #Bitcoin cycle: ➡️ Bitcoin’s '200-week moving average (200WMA)' has repeatedly acted as major support during previous market cycles. When $BTC held this level and began recovering, it often marked the beginning of a new bull market phase. ➡️ The current price structure shows a similar pattern, suggesting #Bitcoin may be entering the early stages of another bull market. The key is whether $BTC can sustain its recovery and continue holding above the 200WMA. View Chart

Daily ForeDex CVD by Order Size (Spot) Snapshot 📸 🔸 Whales and Mega Whales Only 🔸 Based on a 1 month period (1M) 1. Binance: Increased 📈 2. Bybit: No Change ➖ 3. Bitfinex (USD): No Change ➖ 4. Bitfinex (USDT): No Change ➖ ✅ Summary: Binance whale CVD increased slightly from yesterday, while Bybit and both Bitfinex pairs showed no change. View Chart

🗳 Day 8 of Voting - Back for Another Round! 🙌 🚀 ForeDex founder Mignolet has been nominated for the 2026 BINANCE THE BLOCKCHAIN 100 in the Content Creator – Best Longform Creator category! We're cheering him on and hoping he makes it into the final Blockchain 100! 🎉 ✅ The competition is getting tougher, and every vote counts! 🗳 It's Day 8 of voting! Voted yesterday? Awesome! But don't forget, there's a fresh vote waiting for you today! 😄 You can vote for Mignolet once every day, so let's keep the momentum going! 🙏 We're past the first week, but there's still work to do to reach the final 100! Thanks to everyone who's been coming back to vote each day! ❤️ 👉Vote Now

🗓 Demand, oil and policy enter the same week. ForeDex Recognized Author Gary On-Chain connects the event sequence: 🌐 This week brings several major U.S. macro releases, with Wednesday(Thursday in Asia)’s FOMC decision and PCE inflation data expected to drive market volatility. Tuesday’s New Home Sales and Consumer Confidence will test economic resilience, followed by Wednesday’s API and EIA crude inventories, which could reinforce inflation concerns if oil supply tightens.🛢 🏦 The Fed is expected to hold rates at 3.75%–4.00%, with attention on policy guidance and the outlook for prolonged tightening. Thursday’s PCE, Q3 GDP, and Jobless Claims will provide further signals on inflation and economic strength. 💹 ✅ Stronger inflation and GDP readings could delay easing expectations, lift Treasury yields, and increase pressure on crypto liquidity. 💣 View Chart