BTC Tests $77,400 as Exchange Liquidity Hits Systemic Depletion

1 week ago 16

Rommie Analytics

Key Takeaways

  • BTC price: $77,035, above 50MA, below 100MA and 200MA.
  • RSI(14): 57.61 faster signal, 49.96 slower signal.
  • Binance USDT Refresh Rate Z-Score: -1.75, below systemic depletion threshold of -1.5.
  • ERC20 stablecoin exchange outflow at all-time high.
  • Mega whale cohort (10K+ BTC): distributed -25.16K BTC in past 30 days.
  • STH exchange inflows: 97.66% from short-term holders.
  • Institutional Spot Traction (IST): at zero.
  • ERC20 stablecoin active addresses: 319K, elevated versus historical baseline.

The Reading That Makes This Resistance Test Different

Bitcoin has tested the $77,399 to $77,438 MA cluster before. It is testing it now at $77,035 with a Binance USDT Refresh Rate Z-Score of -1.75 according to CryptoQuant data, below the threshold th...

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