Bitcoin has yet to join the rebound seen in U.S. equities and gold, even as spot Bitcoin ETF flows in the United States have turned positive again and several long-term on-chain indicators have moved closer to historically depressed levels. Since peaking at about $126,000 in October last year, Bitcoin has remained in a prolonged correction and has spent the past 30 days trading sideways between $62,000 and $66,000, according to CoinGecko. Over the past 90 days, Glassnode said the S&P 500 rose about 5% while Bitcoin fell 20%, underscoring a sharp divergence in performance. The report, written by Nancy for PANews and republished by Blockcast, points to a mix of countervailing forces. On one side, Santiment Intelligence data showed 2.27 million new BTC wallets and 751,000 active wallets over the past week, while SoSoValue recorded five straight trading days of net inflows into U.S. spot Bitcoin ETFs, totaling $854 million, the strongest weekly result since April 17. On the other side, miner selling, liquidity needs at crypto DAT companies, and weak U.S. spot demand continue to weigh on price action. CryptoQuant said miner-linked OTC balances have dropped from about 500,000 BTC in November 2021 to 139,700 BTC, while Coinglass showed the Coinbase Bitcoin Premium Index has stayed negative for 80 consecutive days. PAData’s bottom-fishing dashboard shows only 4 of 12 core indicators in the hit zone, suggesting some bottoming signs are in place but a full cyclical low has not yet been confirmed.

Bitcoin has yet to join the rebound seen in U.S. equities and gold, even as some market conditions begin to improve. After peaking at about $126,000 in October last year, the asset has stayed in a prolonged correction and has recently traded sideways between $62,000 and $66,000 over the past 30 days, according to CoinGecko. PANews, in a report by Nancy cited by MarsBit, said the disconnect has persisted despite renewed inflows into U.S. spot Bitcoin ETFs and a pickup in several long-term valuation and cycle indicators. Data cited in the report showed U.S. spot Bitcoin ETFs posted net inflows for five straight trading days last week, totaling $854 million, the strongest weekly performance since April 17, according to SoSoValue. At the same time, Santiment Intelligence recorded 2.27 million new BTC wallets over the past week and 751,000 active wallets, though the jump in activity was linked in part to security concerns triggered by the Coldcard wallet incident rather than outright risk appetite. The report argued that persistent selling from miners and crypto DAT companies, along with weak U.S. spot demand reflected in an 80-day negative Coinbase Bitcoin Premium Index streak, has capped price recovery. PAData’s bottom-fishing dashboard showed 4 of 12 core indicators have entered hit zones, but broader metrics tied to valuation, sentiment, profitability, liquidity, and on-chain activity have not yet reached the extreme levels that have historically marked a confirmed cycle bottom.

Coinglass data shows none of Bitcoin’s 30 bull-market peak indicators have been triggered despite a 30.7% drop from its all-time high. While ETF outflows and risk aversion weigh on sentiment, key on-chain and valuation metrics suggest the market has not yet reached historical euphoric top conditions.

Bitcoin is hovering around $70,000 as the AHR999 index drops near 0.45, a rare historical buy signal with significant risk warnings. High volatility, fear sentiment, ETF inflows, whale accumulation, and slower selling by long-term holders are shaping the market outlook.

Bitcoin is hovering near $70,000 as the AHR999 index falls to a rare low, signaling a high-risk buy zone. While ETF inflows, whale accumulation, and slower long-term holder selling offer support, volatility and extreme fear still dominate the market.

Bitcoin is hovering near $70,000 as the AHR999 index drops to a rare low, signaling a high-risk buying zone. While volatility and extreme fear persist, ETF inflows, whale accumulation, and slower selling by long-term holders may offer support for a future recovery.

Bitcoin drops to $70K range as AHR999 index hits 0.45, a level not seen since 2023. Historically a rare buy signal, it indicates potential local lows but with high volatility. Traders remain fearful while retail investors lead the dip buying.

Bitcoin is hovering near $70,000 as the AHR999 index falls to around 0.45, a level historically associated with rare buy signals. While volatility and fear remain elevated, continued ETF demand, whale accumulation, and slower long-term holder selling suggest potential recovery if market conditions improve.