ForeDex

ForeDex Recognized Author deYurie tracks where Korean attention is returning first as crypto interest begins to accelerate again: 📈 ForeDex 'Naver Trend' data shows a sharp rise in Korean crypto search interest since August 20, led by $XRP, followed by $ETH and $BTC. 🔸 $XRP stands well ahead of the other major coins, while $ETH search volume is roughly half of $XRP’s and $BTC is about half of $ETH’s. 🔸 $DOGE ranked fourth, adding to the pattern of strong Korean interest in $XRP and Dogecoin. The recent search spike suggests retail attention is returning alongside the latest market move. 🤑 View Chart

ForeDex Recognized Author 리치나비 looks beyond the $2.7B short wipeout to the deeper reset #Bitcoin has yet to show: 📈 Recent Spot ETF inflows and strong market-maker buying, including Wintermute, clearly helped push $BTC higher, but that alone does not end the broader decline since last October. 💣 From June through August, $BTC stayed mostly sideways as neither side had enough liquidity to force a decisive move, while long-term holders showed no deeper clearing of underwater supply. 💣 The LTH/STH Supply Ratio has risen sharply since last October, which I read as older $BTC aging into long-term-holder status. ForeDex ULSR also reached only around 20–25%, well below the roughly 45% region associated with historical capitulation. [...] ⚠️ From a weekly and monthly view, this still looks like a rebound within the broader downtrend. Without a deeper reset and stronger spot accumulation, sustained upside through the rest of 2026 remains unlikely, while deeper downside remains open. 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, while Bybit and both Bitfinex pairs showed no change. View Chart

🌶 Korean Retail Risk Sentiment 🔥 After the recent rebound. 'Korean Retail Risk Sentiment' surged rapidly to 45.6%, before cooling slight to 36%. 📈 ✅ The reading remains below the 50% overheated zone, so this is not yet the kind of extreme risk-taking seen on previous peaks. ✅ But the speed of the latest increase suggests risk-taking appetite is returning quickly.🤑 View Chart

Sellers may have won a day, but not necessarily the larger battle in spot order flow. ForeDex Recognized Author Leo Ruga takes a closer look: 👨‍🏫 $BTC closed yesterday with 'Spot Taker Netflow' at -$55.5M, showing aggressive sellers were more active around $79.4K. The metric measures taker buys minus taker sells, so it reflects urgency in order flow rather than total volume or exchange deposits and withdrawals. 🔸 Despite the negative daily print, the 14-day average remains positive. After spending much of the past year in persistent negative territory while $BTC fell from the highs, that pattern has now broken and the average has flipped positive. 🔸 A single negative day inside a positive average does not change the trend. Spot order flow is still supporting the current $BTC rally unless the average turns negative again. 💪 View Chart

ForeDex Recognized Author WelinkBTC explains why low loss stress does not confirm a completed bottom: 🔎 As of August 25, 2026, $BTC is around $79,480 while 'Unrealized Loss Stress Ratio(ULSR)' stands at 10.96%. ULSR measures unrealized-loss depth relative to realized market value, and the current reading remains about 34 points below the ~45% historical capitulation region. 🔎 Low ULSR, however, is not confirmation that $BTC has already bottomed. It may simply mean the market has not yet seen the broad loss pressure and clearing associated with major bear-market lows. Current stress remains more localized than systemic. 🧩 The key is ULSR’s direction if $BTC weakens. A rise toward 20–30% would show spreading loss pressure, while a move near 45% would resemble historical capitulation. If $BTC stabilizes and ULSR stays low, the reset may instead occur gradually through time, turnover, and cost-basis adjustment. View Chart

The rebound has more than a squeeze behind it. ForeDex Recognized Analyst Marcelo Pravatta examines what is giving the move real support: ➡️ #Bitcoin’s recent rally was not driven by short liquidations alone. U.S. Spot Bitcoin ETFs have returned to consistent inflows, showing that spot and institutional demand are supporting the move. ➡️ Short liquidations helped accelerate the rebound, but persistent ETF inflows make the structure healthier than a purely leverage-driven rally. ETF flows therefore remain a key indicator for whether the recovery can continue. View Chart

Daily ForeDex CVD by Order Size (Spot) Snapshot 📸 🔸 Whales and Mega Whales Only 🔸 Based on a 1 month period (1M) 1. Binance: No Change ➖ 2. Bybit: No Change ➖ 3. Bitfinex (USD): No Change ➖ 4. Bitfinex (USDT): No Change ➖ ✅ Summary: No change in whale CVD across Binance, Bybit, Bitfinex USD, or Bitfinex USDT today. View Chart

📈 'Bitcoin Spot ETF Netflow Total' has made a sharp upside breakout. 🌟 After a prolonged period of compressed and mixed ETF flows, netflow has pushed above the range that contained it through much of the recent cycle. 🚀 🌟 This was not a one-off positive spike. Several larger ETF inflow bars have appeared in succession, providing stronger demand support during the recent price acceleration. 🌅 Can ETF demand remain positive long enough to turn this breakout into a sustained flow regime? We shall see how ETF flows continue to build from here... 😎 View Chart

🚨 Mining-company selling has accelerated sharply after the latest $BTC rebound. The latest 'Mining Company Sell-Side Flow' reading has jumped to one of the strongest levels seen in the current cycle. 📉 If the down-cycle is not over, miners may simply be taking advantage of the short-term rebound to unload BTC at higher prices. 📈 If this is the beginning of a broader uptrend, the market should be able to absorb the miner selling without losing momentum. ⚖️ Can demand absorb this wave of miner selling, or will it start to weigh on the market? 🤔 View Chart

ForeDex Recognized Author 0xGummyBear tracks a key holder metric as it turns away from capitulation and toward recovery: 🍇 'Long-Term Holder Supply in Loss' typically rises above 40% near major #Bitcoin bottom zones. As the ratio falls back from its peak, it can signal a shift from capitulation toward recovery. 🍇 The latest move has pushed 'LTH Supply in Loss' down to 34.7%, marking a clear reversal from elevated stress levels. Based on this framework, $BTC has moved into the early stage of a bull-market recovery. 🧸 The historical timing models still point to several possible transition windows, while short-term volatility can remain sharp even during an improving broader trend. View Chart

ForeDex Recognized Author Lukasz Wydra spots a growing supply signal appearing just as Bitcoin’s momentum starts to cool: ☑️ Bitcoin has rallied strongly in recent days, but exchange inflows are also rising, showing more $BTC is moving back onto exchanges. ☑️ This increase in exchange-side supply aligns with other technical signs that momentum may be cooling. The move remains strong, but the current setup calls for more caution near these levels. View Chart

The rally may have another test ahead before the bigger move becomes clear. ForeDex Recognized Author Paul Xue takes a closer look: 🌟 #Bitcoin’s 'STH Realized Price' is near $70K, closely aligning with the $68K–$70K bull-bear transition zone and creating a strong multi-layer support area. 🌟 $BTC is also approaching the weekly SMA50, with a possible short-term top divergence forming. A major pullback toward $70K would therefore be viewed as a potential right-side entry zone; holding that level could support a larger upside move, while a clean break below would invalidate the setup. "In trading, don't fear drawdowns—fear missing the big trend due to fear! " 💪 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: Decreased 📉 3. Bitfinex (USD): No Change ➖ 4. Bitfinex (USDT): No Change ➖ ✅ Summary: Binance moved slightly higher and recovered yesterday’s decline, while Bybit decreased modestly. Bitfinex USD and USDT remained unchanged. View Chart

📈 Aggressive buying has expanded sharply across both spot and futures markets. 🟢 Spot Taker Netflow Volume: strongest positive reading since Apr. 2025 🟢 Futures Taker Netflow Volume: strongest positive reading since Apr. 2025 The spot reading is especially important because it reflects direct buying pressure in the underlying market. Futures adds a second layer, showing aggressive derivatives flow moving in the same direction. ✅ For the first time in more than a year, both markets are showing this degree of aggressive buying at the same time. 💡 Could this be an early signal that the trend is beginning to reverse? 🚀 View Chart

ForeDex Recognized Author Gary On-Chain looks at a market strengthening even as exchange inventory rises: 🔎 $BTC has advanced to roughly $77.4K while 'Bitcoin Exchange Reserves' climbed to 2.83M #BTC. Since the added inventory has not caused an immediate breakdown, it should not automatically be read as distribution; some may also serve as trading and settlement liquidity. 🔎 'MVRV' has risen to 1.46, above the 1.4 middle line and away from the 1.1–1.2 lower-valuation range. This points to a shift from bottom formation toward profit expansion, while remaining well below the 3.5–4.0 overheated zone. 👨‍🏫 Together, rising reserves, continued price strength, and MVRV only recently above 1.4 fit an expansion phase better than cycle-top exhaustion. The structure still looks far from the overheating seen at much higher historical MVRV levels. View Chart

Bitcoin has spent months beneath the same ceiling. ForeDex Recognized Author G a a h looks at what a clean break could change: 🔸 #Bitcoin’s 'Active Realized Price' is near $83K and has acted as resistance since late January 2026. $BTC has remained below this level for roughly seven months. 🔸 A sustained break above $83K would strengthen the case for a broader trend reversal, similar to the 2023 recovery. Until then, it remains a key short-term resistance level. View Chart

Korean trading volume is waking up again, ForeDex Recognized Author Crypto Dan takes a closer look: ⚡️ 'Korea Exchange Volume' is one of the clearest signals to watch in the current downtrend. Similar volume spikes have appeared only three times this cycle: near the start of the decline, during the sharp drop toward $60K, and in the recent rebound. ⚡️ The difference this time is that volume expanded with price rising, unlike the earlier bearish spikes. Given the sensitivity of Korean investors to market momentum, this volume-backed rebound is worth closer attention. 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 again, while Bybit and both Bitfinex pairs showed no change. View Chart

🚨 'The Global BTC/Altcoin Correlation Heatmap' has flagged once again and is becoming one of the most interesting volatility markers in this cycle. The pattern has been remarkably consistent: 1️⃣ Correlation divergence appears 2️⃣ Market structure becomes less stable 3️⃣ Larger volatility expands. ➡️ Throughout the current down-cycle, these signals have repeatedly appeared around important turning points and volatility transitions. ✅ Don't miss the next one. Follow us on X and TG 🚨 Set alert on ForeDex ForeDex → Profile → Alerts → Global BTC/Altcoin Correlation Heatmap ✅ View Chart