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foredex.io X : https://x.com/ForeDex_Global Founder : https://x.com/mignoletkr
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| Date | Subscriber Growth | Mentions | Channels | |
| 02 July | 0 | |||
| 01 July | 0 |
Channel Posts
+2
π₯³ New ForeDex Recognized Author θ§ιΎ joins the board with a #Bitcoin read on AHR999, LTH supply in loss, and long-term accumulation plan:
β‘οΈ "AHR999 Index" has fallen to around 0.28, placing #BTC in a rare historical extreme zone. Sub-0.3 readings have appeared fewer than 10 times in Bitcoinβs history, and past cycles suggest this area has often been close to the broader bottom range, even if not the exact low.
β‘οΈ "LTH Supply in Loss Percentage" adds another stress signal. Long-term holder losses have surpassed the previous bear-market bottom, putting even long-term holders in a historically painful position.
π‘ No one can predict the exact bottom. Waiting for much lower levels such as 40K, 30K, or 20K may risk missing the next cycle if $BTC does not reach those prices. Building a long-term accumulation plan may be better than trying to catch the absolute bottom.
View Chart
| 2 |  π Say hello to new ForeDex Recognized Author Gary On-Chain, with a #Bitcoin analysis on the red netflow shock building beneath the $59K zone:
π #BTC has been declining toward $59,114, while "Bitcoin Exchange Netflow" has printed the strongest red net inflow bar in recent months. A large amount of spot $BTC has moved into major exchanges as price continues probing new lows.
π There are two possible explanations. The first is panic selling, where spot holders or short-term investors deposit $BTC to exchanges to cut losses. The second is futures-long margin defense, where larger players move spot $BTC from cold wallets to exchanges to protect leveraged positions.
β
Either way, the result is the same: exchange-side liquidity and potential selling pressure have increased sharply. This raises the risk of stronger volatility and heavier market friction around $59K.
View Chart | 114 |
| 3 |  +3Daily ForeDex CVD by Order Size (Spot) Snapshot πΈ
πΈ Whales and Mega Whales Only
πΈ Based on a 1 month period (1M)
1. Binance : No Change β
2. Bybit : No Change β
3. Bitfinex (USD) : No Change β
4. Bitfinex (USDT) : No Change β
β
Summary: Whale CVD stayed mostly steady today, with Binance, Bybit, and both Bitfinex pairs showing no clear change from yesterday.
View Chart | 156 |
| 4 |  πJuly 1st, 2026
β
Monthly Top 5 ForeDex Recognized Analysts
π₯ MurphyBTC π―π΅
π₯ Crypto Danπ°π·
π₯ Simplspark π¦πΊ
4οΈβ£ Lukasz Wydra π΅π±
5οΈβ£ Pelin Ay πΉπ·
π₯°Thank you for actively using our platform! π | 166 |
| 5 |  π ForeDex Recognized Author Rei Researcher maps #Bitcoinβs current position with Ahr999 index:
π The "Bitcoin Ahr999 Index" has fallen to around 0.29, approaching the historical Buy Layer. This suggests $BTC is entering a zone where selling becomes less attractive, while long-term investors may start paying attention again. π
π In previous cycles, low Ahr999 levels often reflected deep pessimism, with the market needing time to absorb selling pressure before a new trend formed. The current signal should be viewed neutrally: the price zone is becoming more attractive for long-term accumulation, but short-term confirmation still requires stronger capital flows and a more stable price structure.
View Chart | 234 |
| 6 |  +1π Please welcome new ForeDex Recognized Author 리μΉλλΉ, arriving with a sharp $BTC warning - $60K floor may be thinner than it looks π¨:
"Bitcoin may be heading toward a test of the low-$50K area as July begins."
πΈ The $58Kβ$60K range is currently acting as short-term support, but this does not yet look like a confirmed bottoming structure. From a broader technical view, the area is being supported by the former resistance trendline broken in October 2024 and the rising trendline formed by major lows since 2025.
πΈ Retail interest in that range has kept Binance futures funding positive, briefly pushing it to 0.01% and showing that short-term buying demand is still present. However, short-term support is not the same as a confirmed trend reversal. Structural buying demand has not been clearly confirmed yet.
π¨βπ« If BTC loses the $58Kβ$60K support zone, the current range could break into stronger downside volatility. In that case, a move toward the low-$50K area becomes a scenario to watch.
View Chart | 218 |
| 7 |  +3Daily ForeDex CVD by Order Size (Spot) Snapshot πΈ
πΈ Whales and Mega Whales Only
πΈ Based on a 1 month period (1M)
1. Binance : Decreased π
2. Bybit : No Change β
3. Bitfinex (USD) : No Change β
4. Bitfinex (USDT) : Decreased π
β
Summary: CVD softened on Binance and Bitfinex USDT, while Bybit and Bitfinex USD showed no meaningful change from yesterday.
View Chart | 229 |
| 8 |  ForeDex Recognized Author Pelin Ay looks at #Bitcoinβs rebound risk through whale selling signals, weaker institutional flow, and fading OTC support:
π³ The "Exchange Whale Flow Indicator" calls for short-term caution. Historically, most red dots appeared after price peaks or intermediate highs, followed by accelerated declines. In the current setup, whales appear to be treating $BTC rebounds as selling opportunities.
π¦ Institutional netflow is weakening, increasing the possibility of $BTC moving back to exchanges in preparation for sales. OTC buying liquidity has also declined compared with previous periods, with buying volumes noticeably shrinking.
β οΈ Strong institutional demand is not clearly visible yet, and no strong new accumulation signal has formed. It may still be too early to say the decline has ended. Based on the combined dataset, the market remains defensive and risk-averse in the short term, with continued downside pressure still present.
View Chart | 261 |
| 9 |  #BTC lost the $63K battle, and ForeDex Recognized Author ζ―ηΉθ lays out the next weekly roadmap π―:
β‘οΈ #Bitcoin lost the contested $63K area after four weeks of bull-bear tug-of-war. Last week, price closed down from 63,311 to 59,577, breaking below $60K and marking the lowest close in eight months since the 126K peak. π
β‘οΈ The macro/news backdrop did not provide a clear major driver, with US-Iran tensions still unresolved. Spot ETF flows were the larger pressure point, with nearly $1.8B in weekly net outflows, the second-largest single-week outflow on record, and the seventh straight week of outflows.
π Tracked ForeDex data with $BTC around 60,000: MA200 75,672, STH 69,709, TMP 76,795, RP 53,216, LTH 49,805, CVDD 46,316, and average mining cost 45,480.
β
The next weekly resistance is 62,272, while support sits at 58,115. The market remains in wait-and-see mode until clearer direction emerges, with the 7.29 rate decision as the next major checkpoint.
View Chart | 209 |
| 10 |  +1πΊ Fear is rising, but YouTube sentiment is still leaning bullish. ForeDex Founder mignoletkr takes a closer look at the divergence:
β
The gap between the "Crypto Fear & Greed Index" and the "Crypto YouTube Narrative Index" is widening again. Even around the $60K level, the YouTube Narrative Index is not turning more bearish and continues to lean bullish, with the latest reading near 60.5.
β
During the bear cycle since last year, similar divergences have often appeared before unfavorable market moves. π
"Will this time be any different?" π
View Chart | 208 |
| 11 |  +3Daily ForeDex CVD by Order Size (Spot) Snapshot πΈ
πΈ Whales and Mega Whales Only
πΈ Based on a 1 month period (1M)
1. Binance : No Change β
2. Bybit : No Change β
3. Bitfinex (USD) : No Change β
4. Bitfinex (USDT) : No Change β
β
Summary: The latest CVD read remained quiet overall. Binance moved slightly during the session, but the final direction stayed unchanged along with the other tracked exchanges.
View Chart | 258 |
| 12 |  ForeDex Recognized Author Lukasz Wydra checks the Coinbase-Binance Spot Gap, and the signal is still not giving #Bitcoin the confirmation it needsπ:
πΈ The Coinbase Premium Gap failed to improve over the weekend and instead widened further into negative territory. The chart still shows the same structure: Binance appears to be providing more price support, while Coinbase continues to reflect weak institutional sentiment.
πΈ "The current Coinbase Premium Gap stands at -$94.16 π"
View Chart | 270 |
| 13 |  +3β¨ ForeDex Recognized Author Kaan looks at the miner data behind #Bitcoinβs volatility:
βοΈ Mining data remains one of the key areas to monitor because it often gives a different view from daily price movements.
βοΈ Although $BTC still trades below the average production cost, miners are not showing signs of mass selling or capitulation. Reserves remain stable, selling pressure is limited, and mining-company valuations are gradually improving.
βοΈ Short-term price volatility may continue, but the current structure looks more like rebuilding and accumulation than the end of a bull cycle. Mining flows and ETF flows remain important indicators for reading medium and long term market positioning.
View Chart | 256 |
| 14 |  +2π₯ The old MVRV rulebook may not read post-ETF #Bitcoin cleanly anymore. ForeDex Founder mignoletkr explains:
β‘οΈ Since spot Bitcoin ETF approval, MVRV should no longer be used through the old framework of MVRV < 1 = undervalued and > 4 = overvalued.
πΉ A low MVRV after ETF approval may not automatically signal undervaluation, but rather the absence of meaningful ETF inflows and (OTC) institutional demand.
β‘οΈ Previous MVRV cycle lows were 0.65 in 2015, 0.69 in 2019, and 0.78 in 2022. After MVRV first fell below 1, $BTC still declined another 54%, 48%, and 23%, taking 392, 189, and 217 days to recover above MVRV 1, so accumulating purely on a sub-1 reading still carries meaningful downside and time risk.
πΉ MVRV has not even reached 1 in the current cycle. If $BTC falls below $60,000 while institutional and large buyers fail to return, MVRV could fall below prior-cycle levels. π¨
π‘ Going forward, MVRV should be viewed more as an indicator of ETF and institutional liquidity conditions.
View Chart | 215 |
| 15 |  +3Daily ForeDex CVD by Order Size (Spot) Snapshot πΈ
πΈ Whales and Mega Whales Only
πΈ Based on a 1 month period (1M)
1. Binance : Increased π
2. Bybit : No Change β
3. Bitfinex (USD) : No Change β
4. Bitfinex (USDT) : No Change β
β
Summary: Binance CVD moved slightly higher from yesterday, while Bybit and both Bitfinex pairs showed no change.
View Chart | 266 |
| 16 |  +3#Bitcoin is walking a thin line between weak liquidity and squeeze potential. ForeDex Recognized Author Kaan takes a closer look in π§΅:
πΉ Despite several consecutive sessions of net negative #Bitcoin ETF flows, the data should not be read in isolation. Across liquidity data, exchange flows, and institutional positioning, there are still no clear signs of widespread institutional selling.
πΉ Bitcoin flows to exchanges have not increased significantly, Market Maker Outflow shows no exceptional peaks, and Whale Inflow has not shown an abnormal increase. The Market Liquidity Regime Index also remains far from the strong distribution signals seen near previous peaks.
πΉ For now, the correction looks more like temporary liquidity repositioning and profit-taking after the previous rally. [...]
𧲠Holding above $60,000 and breaking $61,300 to $63,000 would restore upward momentum. Losing and closing below $59,000 could open the way lower.
View Chart | 830 |
| 17 |  π Please welcome new ForeDex Recognized Author ηζͺε with a quick #Bitcoin bottom checklist - are there any signals yet?π‘
β‘οΈ Using three indicators from ForeDex, letβs look at whether #BTC is currently forming a bottom.
β‘οΈ Previous bottom phases generally followed a sequence where the Accumulation signal appeared, $BTC STH Supply turned upward, and Supply in Loss % turned downward.
β‘οΈ The current structure has not confirmed that pattern yet. The Accumulation signal has not appeared, $BTC STH Supply has not turned upward, and Supply in Loss % has not turned downward. π
View Chart | 212 |
| 18 |  +3Daily ForeDex CVD by Order Size (Spot) Snapshot πΈ
πΈ Whales and Mega Whales Only
πΈ Based on a 1 month period (1M)
1. Binance : No Change β
2. Bybit : No Change β
3. Bitfinex (USD) : No Change β
4. Bitfinex (USDT) : No Change β
β
Summary: Binance showed a small late fluctuation, but not enough to mark a clear directional shift. Bybit and both Bitfinex pairs also remained unchanged.
View Chart | 245 |
| 19 |  π #BTC is taking losses, but the clean capitulation signal is not here yet. ForeDex Recognized Author 0xGummyBear explains:
π§Έ ETF outflows remain the strongest pressure point, with $691.7M in single-day net outflows and more than $1.16B over two days. Bitcoin Exchange Netflow also returned to +7.57K $BTC, while Whale Netflow flipped positive to around +782 $BTC, adding spot-side supply pressure as more coins move back to exchanges.
π§Έ ForeDex NRPL is around -$1.37B, with the market steadily realizing losses. STH NRPL sits near -$821.9M, while LTH NRPL is around -$546.9M. Loss realization is clearly increasing after $BTC broke recent lows, but the data still looks more like ongoing bleeding than a clean full-capitulation event.
π§Έ Options remain defensive, with Skew/BF elevated and short-term PUT demand still strong. Until real spot absorption returns, the market remains fragile, with ETF outflows, exchange inflows, and weak active buying keeping rebounds under pressure.
View Chart | 255 |
| 20 |  +3Daily ForeDex CVD by Order Size (Spot) Snapshot πΈ
πΈ Whales and Mega Whales Only
πΈ Based on a 1 month period (1M)
1. Binance : Decreased π
2. Bybit : Decreased π
3. Bitfinex (USD) : No Change β
4. Bitfinex (USDT) : No Change β
β
Summary: Binance and Bybit CVD edged slightly lower from yesterday, while Bitfinex pairs held steady.
View Chart | 287 |
