What does the current Bitcoin calm say really about the next step for BTC? star-news.press/wp

• Bitcoin exchange external flows increased by 172 % with a decrease in pressure from miners and the enhancement of accumulation.
• Feelings and financing rates are still unstable, which reflects the frequency despite the favorable structural signals.

Bitcoin (BTC) found itself in a technical balance this week.

The future CVD has turned 90 days into neutral, indicating the equal aggression between the phase and the short pants. After weeks of directional pressure, derivative derivatives have recently retreated.

Meanwhile, Binance is leading the immediate market with about $ 8 million to the deepening of the demand book on both sides within the spread of $ 100. Bitget and OKX follows $ 4.6 million and $ 3.7 million, respectively.

source: X / market

Of course, this mixture of deep liquidity and calm futures indicated to a tightly wound market awaiting the sermon.

Do BTC investors accumulate quietly?

Here where the bullish things tend. The average exchange rates of 7 days of Bitcoin increased by more than 172 %, while exchange flows decreased approximately 6 %.

This difference reflects a strong bias towards accumulation, as investors are increasingly withdrawing bitcoin from stock exchanges, often indicating a decrease in the intention of sale in the short term.

Historically, the high external flows associated with the hanging flows indicate the growing confidence in the long -term prices.

source: Cryptoquant

Mines are declining – why this?

The multiple Puell sharply decreased by 37.68 % to hover at 1.00. This scale compares the issuance of the daily currency with its annual average and often reflects the profitability of miners.

The value near 1.00 indicates that miners are not under great pressure, they are profitable to sell their rewards. Thus, the risk of sales caused by miners may shrink.

This reduces a large source for sale. With mining workers not dramatically, BTC can see more breathing space to restore lost levels – if the demand is constantly built.

source: Cryptoquant

Are the feelings very fragile?

Although signals improved on the chain, BTC’s weighted feelings remained slightly negative at the -0.12. After a series of flying feelings in May, confidence was greatly cooled.

The market participants appear to be hesitant to adopt a clear trend, perhaps due to uncertainty in the macroeconomic economy or technical frequency.

This continuous caution shows that merchants are not yet convinced of the current price structure, and that optimism is still fragile. For this reason, the bullish preparation was not translated into real momentum.

source: Vocal

No

BTC financing rates, especially on Binance, remained unstable. Positive nails were reflected quickly, and the negativity turned at the same speed. This type of contradiction reflects one thing – there is nothing ready to go to everything.

source: Vocal

Besides CVD Taker Futures Taker, this indicates the benefit of merchants sitting on their hands, waiting for the trigger. Without influence, it is in momentum stalls.

Will the next step be explosive or silent?

BTC data in the series and derivatives show a market in a balance, with deep liquidity, strong output flows, and reduce the sale of miners-all of which supports a constructive base.

However, feelings and financing are still hesitant, and traders seem to be not convinced of any outbreak in the short term.

The next step may be sharp as soon as a catalyst appears, but until then, the market remains in standby mode.