1 hour ago
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Key Takeaways
- BTC traded 20% above the realized price of $53,391 on June 4.
- The realized price reflects the aggregate cost basis of all Bitcoin holders combined.
- MVRV ratio sits at 1.1, its lowest level since the 2022 bear market floor.
- SOPR dropped to 0.986, meaning holders are actively selling at a loss.
- Exchange reserves fell to 2.71M BTC, the lowest reading in this data series.
- Spot Bitcoin ETFs recorded $4.32B in net outflows across May and June.
- Grayscale’s Zach Pandl flags the CLARITY Act and leveraged holders as the two deciding variables.
- On-chain metrics may support accumulation on a long horizon, but do not confirm a bottom.
Bitcoin has been under sustained pressure heading into today’s session. The asset trades at $61,600 as of June 10, down 2% in the past 24 hours and 8% over the past seven days, according to CoinMarketCap data. That puts it roughly $2,400 below the $64,020 level recorded in the on-chain dataset...
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