Is Bitcoin due for a pullback? – THESE key datasets suggest…
2025-06-30 04:03:21
Main Idea
Bitcoin's price shows modest gains but underlying on-chain metrics indicate potential weakness, including miner profitability, exchange netflows, and lack of demand, suggesting a possible pullback.
Key Points
1. Bitcoin traded at $108,129.78 with a 0.68% 24-hour gain, but on-chain signals show underlying weakness.
2. Puell Multiple rose 25.73% to 1.26, indicating increased miner profitability and potential selling pressure.
3. NVT Ratio surged 84.17% to 55.17, showing market cap outpacing transaction volume, a bearish signal.
4. Over 98.82% of UTXOs were in profit, signaling most holders have unrealized gains, which may precede a local top.
5. BTC registered a net inflow of $57.5 million to exchanges, suggesting holders may be moving from accumulation to distribution.
Description
Multiple on-chain metrics signal weakness beneath Bitcoin’s price, hinting at possible downside pressure.
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