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Simon Gerovich Confirmed As A Bitcoin 2026 Speaker

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Simon Gerovich Confirmed As A Bitcoin 2026 Speaker

Simon Gerovich has been officially confirmed as a speaker at Bitcoin 2026. As Chief Executive Officer (CEO) of Tokyo Stock Exchange-listed Metaplanet, he has helped transform the once struggling hospitality company into one of the largest corporate Bitcoin holders in the world. Now, Gerovich arrives in Las Vegas as one of the most closely watched figures in institutional Bitcoin adoption outside of the United States.

Metaplanet closed 2025 with 35,102 BTC, making it the fourth-largest public corporate Bitcoin holder globally. The company has outlined aggressive accumulation targets, aiming to reach 100,000 BTC by the end of 2026 and 210,000 BTC — approximately 1% of Bitcoin’s total supply — by the end of 2027. To fund that ambition, Metaplanet recently secured approximately $255 million from global institutional investors through a placement of new shares, with additional fixed-strike warrants that could lift total funding to roughly $531 million. The company is also expanding beyond treasury accumulation: Metaplanet’s board approved the creation of two subsidiaries — Metaplanet Ventures and Metaplanet Asset Management — targeting companies building Bitcoin financial infrastructure in Japan, including platforms focused on lending, payments, custody, derivatives, and compliance tools.

Gerovich began the company’s EGM in September 2025 by explaining how Metaplanet pivoted from operating as a struggling hotel company to a Bitcoin treasury company in early 2024. The turnaround has been significant. Revenue jumped 738% year-over-year to 8.91 billion yen, with operating profit surging 1,695%, driven primarily by premiums from Bitcoin option transactions, which accounted for about 95% of total revenue. Gerovich has consistently pointed to Bitcoin per share — the company’s primary KPI — rather than net profit as the appropriate metric for evaluating Metaplanet’s performance, noting that Bitcoin per share increased by more than 500% in 2025.

With Metaplanet’s accumulation targets for 2026 still in motion and its expansion into ventures and asset management underway, Gerovich takes the Bitcoin 2026 stage at a pivotal moment for the company and for corporate Bitcoin adoption in Asia.

Bitcoin 2026 is Returning to Las Vegas

Bitcoin 2026 will take place April 27–29 at The Venetian, Las Vegas, and is expected to be the biggest Bitcoin event of the year.

Focused on the future of money, Bitcoin 2026 will bring together Bitcoin builders, investors, miners, policymakers, technologists, and newcomers from around the world. The event will feature a wide range of pass types, including general admission passes designed specifically for those new to Bitcoin, alongside premium passes for professionals, enterprises, and institutions.

With multiple stages, immersive experiences, technical workshops, and headline keynotes, Bitcoin 2026 is designed to serve both first-time attendees and long-time Bitcoiners shaping the next era of global adoption.

Past Bitcoin Conferences in the U.S.

Bitcoin’s flagship conference has scaled dramatically over the past five years:

  • 2021 – Miami: 11,000 attendees
  • 2022 – Miami: 26,000 attendees
  • 2023 – Miami: 15,000 attendees
  • 2024 – Nashville: 22,000 attendees
  • 2025 – Las Vegas: 35,000 attendees

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Stay at The official hotel of Bitcoin 2026, The Venetian, and get a guaranteed low rate plus 15% off your pass. Be in the middle of where the fun is all happening, and where the networking never ends.

And don’t forget:

Volunteer at Bitcoin 2026 and get Pro Pass access plus exclusive perks.

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📍 Location: The Venetian, Las Vegas
📅 Dates: April 27–29, 2026

For more information and exclusive offers, visit the Bitcoin Conference on X here.

Why Attend Bitcoin 2026?

Bitcoin 2026 is the definitive gathering for anyone serious about the future of money. With 500+ speakers, multiple world-class stages, and programming spanning Bitcoin fundamentals, open-source development, enterprise adoption, mining, energy, AI, policy, and culture, the conference brings every corner of the Bitcoin ecosystem together under one roof.

From headline keynotes on the Nakamoto Stage to deep technical sessions for builders, institutional strategy discussions for enterprises, and beginner-friendly Bitcoin 101 education, Bitcoin 2026 is designed for everyone—from first-time attendees to the leaders shaping Bitcoin’s global adoption.

Whether you’re looking to learn, build, invest, network, or influence, Bitcoin 2026 is where Bitcoin’s next chapter is written.

Bitcoin 2026 Pass Types: Something for Everyone

Bitcoin 2026 offers a range of pass options designed to meet the needs of newcomers, professionals, enterprises, and high-net-worth Bitcoiners alike.

🎟️ Bitcoin 2026 General Admission Pass

Ideal for newcomers and those looking to experience the heart of the conference.

  • Limited access on Days 2 & 3
  • Entry to Main Stage
  • Access to Genesis Stage
  • Full access to the Expo Hall

🎟️ Bitcoin 2026 Pro Pass

Designed for professionals, operators, and serious Bitcoin participants.

Includes all General Admission features, plus:

  • Full 3-day access, including Pro Day
  • Entry to the Pro Pass Reception
  • Access to Enterprise Hall, Enterprise Stage, and Networking Lounge
  • Conference App networking features
  • Access to the Bitcoin For Corporations Symposium
  • Entry to Compute Village and Energy Stage
  • Complimentary lunch, coffee, tea, and snacks
  • Dedicated registration and check-in
  • Reserved seating at Main Stage
  • Huge savings when you bundle your hotel and Pro Pass
Bitcoin 2026 Pro Pass

🐋 Bitcoin 2026 Whale Pass

The all-inclusive, premium Bitcoin 2026 experience.

Includes all Pro Pass features, plus:

  • Reserved seating at Main Stage
  • All-inclusive gourmet food and beverages
  • Entry to Whale Night and Whale Reception
  • Access to all official after-parties
  • Networking app access to connect with other Whales
  • Premium access to The Deep — an exclusive networking lounge with intimate speaker sessions
  • Complimentary stay at The Venetian when you bundle your whale pass and hotel (use promo code ‘WHALEHOTEL’ here)

This is the most immersive way to experience Bitcoin 2026.

Bitcoin 2026 Whale Pass

🎉 Bitcoin 2026 After Hours Pass

Your ticket to the night.

Most deals are done with a drink in your hand. Get exclusive access to 3 official Bitcoin 2026 after-parties across Las Vegas — each with a 2-hour open bar — where the real conversations happen and the best connections are made.

  • Access to 3 official Bitcoin 2026 after-parties
  • 2-hour open bar at each event
  • Evening events across Las Vegas, April 27–29
  • Network with Bitcoiners, builders, and industry leaders after hours

More headline speaker announcements are coming soon.

Don’t miss Bitcoin 2026.

Bitcoin has traded in a tight range for nearly 50 days – but this is not a “bear flag”

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Bitcoin has traded in a tight range for nearly 50 days – but this is not a “bear flag”

Traders watching bitcoin’s BTC$68,951.20 nearly 50-day choppy price action through a bearish lens may be getting it wrong.

Since hitting lows close to $60,000 on Feb. 6, bitcoin has traded largely between $65,000 and $75,000, a period defined less by direction and more by exhaustion.

This phase reflects a dynamic where investors are tested not only by sharp drawdowns, but by time, as prolonged sideways action grinds both bulls and bears through repeated false breakouts.

Not a bear flag

Some on social media are calling this a bear flag—a technical pattern representing a minor bounce within a broader downtrend. Bear flags typically recharge bearish momentum, often leading to a deeper sell-off.”

As such, they are fearful that this bear flag may deepen the bitcoin downtrend that began in early October after prices peaked at record highs above $126,000.

However, they may be wrong as bear flags, as per standard technical analysis theory, are short-lived pauses that last few days and resolve bearishly, extending the downtrend.

The consolidation has now lasted nearly 50 days, far longer than a typical bear flag. Its duration suggests bears are no longer in control, and the market is evenly balanced, with neither side willing to push the price. This is a classic indecision pattern.”

This doesn’t rule out a deeper sell-off, as seen after the December-January consolidation, but it reframes the recent market action as indecisive rather than structurally bearish.

BTCUSD (TradingView)

Why 2026 is not 2022

The current bitcoin market cycle also differs materially from the 2022 backdrop. Bitcoin surged from $10,000 to $60,000 between October 2020 and early 2021 in a near-vertical move, with little meaningful support built along the way. When the market eventually unwound in 2022, it retraced much of that move, culminating in the FTX-driven capitulation to $15,000 in November 2022.

In contrast, bitcoin spent most of 2024 consolidating between $50,000 and $70,000, effectively building a base within the range it is trading today.
CoinDesk research highlights strong demand in this region, with more than 600,000 BTC accumulated during the current drawdown. This suggests a structurally stronger foundation compared to prior cycles.

Virtual Data Room vs. Cloud Storage: Key Differences Explained

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Virtual Data Room vs. Cloud Storage: Key Differences Explained

Revolutionary developments in technology have made so many things possible for businesses. It has become unbelievably easy for them to store and share documents without needing massive databases. That said, organizations nowadays can easily manage huge volumes of data using cloud technology.

What’s more, cloud technology itself has become so advanced and safe in the form of virtual data room software. However, dataroom software is different from traditional cloud storage platforms in different ways.

The following discussion is about key differences between a digital data room and other cloud storage tools.

What is cloud storage?

Cloud storage is the technology behind free file-sharing platforms and virtual data rooms. Cloud storage or computing is a virtual solution that businesses can use to store and share data via internet-based applications and tools.

Cloud storage platforms eliminate the need for in-house databases or traditional hard drives. Businesses can simply use online space hosted by cloud-storage vendors to store and share data.

What is a virtual data room?

Virtual data rooms are also cloud-based data management platforms that enable users to store and share confidential information. Just like other traditional cloud storage tools, users can simply upload, share, and archive business data. You can learn more about VDR technology and top dataroom providers on startupdatarooms.com.

Virtual Data Room vs. Cloud Storage

The question stands: if both options serve the same purpose, what is the difference between them? Why are businesses rapidly moving to virtual data rooms when there are other cloud-storage tools? Here’s what you require about both solutions so you can make the optimal choice for your business.

1.      Security

Virtual data rooms are fully secure, and this is one of the biggest strengths of VDR technology. High-end data room solutions keep corporate data secure from any type of threat. They have advanced features that keep data secure from internal and external vulnerabilities. For example, data rooms use encryption to keep data encrypted during transit and at rest. This feature is not available in most of the cloud-storage tools.

Data rooms also provide security features like multi-factor authorization and granular access permissions. These features prevent unauthorized entries in the VDR and set document access restrictions on users. What’s more, features like AI redaction automatically hide the sensitive parts of a document when shared with external users. Such features are hard to find in other cloud solutions.

2.      Compliance

Compliance is another key difference between virtual data room technology and traditional cloud storage. Data rooms are built for advanced dealmaking, and organizations have been using this technology for cross-border transactions. That is because VDR providers comply with international and regional standards like ISO-27001, HIPAA, GDPR, and SOC compliance.

Other cloud storage platforms are usually ISO compliant, but they are not fit for international deal-making as they don’t comply with regional information-sharing standards.

3.      Reporting

Virtual data rooms have reporting capabilities that are handy in determining the interest of different buyers. VDR analytics show sellers what type of documents are mostly viewed by the bidders and how much time they spend in the data room. Companies can utilize the information to enhance their bargaining power as well as raise the value of the bid in the bidding process. These detailed records of user activities in the data room are also important for audits and ensure transparency.

Traditional cloud storage platforms do not provide such advanced reporting and detailed audit logs. Thus, enhanced security functionality and security from VDR software provide more value to dealmakers compared to any free data sharing tool.

4.      Efficiency

There is no doubt that data room software is more efficient compared to the conventional cloud storage platform, most importantly, when closing a business deal. Businesses can create multiple projects or rooms (depending on the dataroom service) and contact multiple bidders or potential buyers at once.

What’s more, virtual data rooms allow companies to keep their communication on the same platform. Both parties can settle their queries in an instant, while sellers can keep an eye on all potential buyers with ease. This not only allows companies to choose the most suitable option, but they can also close business deals faster.

In a nutshell, here is a summary of the differences between VDRs and cloud storage.

Feature

Virtual Data Rooms (VDRs)

Cloud Storage

Security

VDRs offer advanced security features like encryption, MFA, and AI redaction to protect data

Cloud storage generally lacks the advanced security and access controls found in VDRs

Compliance

VDRs comply with international standards which makes them ideal for global deals

Cloud storage typically has basic compliance but may not meet regional deal-making needs

Reporting

VDRs provide in-depth analytics and user activity tracking useful for audits and negotiations

Cloud storage does not offer detailed reporting or audit logs required for due diligence

Efficiency

VDRs enhance deal efficiency by centralizing communication and supporting multi-party projects

Cloud storage lacks built-in tools for managing complex transactions and collaborative deals

Data room prices may be a concern for users, as VDRs are not free solutions like other platforms. However, its premium security features protect businesses from costly data leaks and significantly improve deal success chances. This makes virtual data rooms highly efficient solutions as compared to other similar tools.

Takeaway

Conventional cloud storage solutions are excellent if you are working with non-confidential files. But any kind of confidential information is not secure with cloud-based applications.

Therefore, it is advisable to deploy virtual data rooms so that unintended data leakage does not occur and you are on the safer side. However, it is crucial to have the right data room software that meets the requirements of your business.







index drops 3.2% as all constituents trade lower

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index drops 3.2% as all constituents trade lower

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.

The CoinDesk 20 is currently trading at 1985.11, down 3.2% (-65.39) since 4 p.m. ET on Wednesday.

None of the 20 assets are trading higher.

Leaders: CRO (-2.2%) and BTC (-2.2%).

Laggards: AAVE (-5.6%) and ADA (-4.8%).

The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.

White House crypto czar David Sacks transfers to presidential advisory committee role

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White House crypto czar David Sacks transfers to presidential advisory committee role

White House AI and Crypto Czar David Sacks is changing titles and joining the President’s Council of Advisors on Science and Technology as co-chair, he announced Thursday.

Sacks, who was named U.S. President Donald Trump’s crypto and AI czar before Trump retook office last January, has overseen the White House’s early work on crypto initiatives, including the passage of the stablecoin-focused GENIUS Act and more recently, work around the crypto market structure bill.

“PCAST is the principal body of external advisors tasked with shaping science, technology, and innovation policy for the President and the White House,” he said in a post on X (formerly Twitter). “Thirteen of the world’s most accomplished leaders in science and technology will join us as this PCAST’s initial members.”

Sacks told Bloomberg earlier Thursday that his czar role was designated as a “special government employee,” meaning he legally could only serve in that position for 130 working days. Democrats in Congress had already raised concerns that he had exceeded this period last fall.

He does not have this same issue serving as a co-chair on the advisory committee.

Sacks said in the Bloomberg interview that the council would make policy recommendations and conduct studies around artificial intelligence, quantum computing, nuclear power and other “cutting edge technologies.”

“I think you can expect us to make some recommendations in those areas. We want to push forward the president’s A.I. framework that was already released just last week,” Sacks said in the interview. “So you’ll see, I think, a lot of activity around that. But it will also be other areas as well.”

Sacks did not mention crypto in the interview.

Other members of the committee include Andreessen Horowitz co-founder Marc Andreessen, Google co-founder Sergey Brin, Dell founder Michael Dell, early Coinbase backer Fred Ehrsam, NVIDIA CEO Jensen Huang, AMD CEO Lisa Su and Meta (formerly Facebook) founder Mark Zuckerberg, among others. Michael Kratsios, who’s served in both of Trump’s administrations, will serve as the co-chair.

David Sacks Leaves White House Crypto Role With Key Legislation Still Unresolved

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David Sacks Leaves White House Crypto Role With Key Legislation Still Unresolved

In brief

  • Sacks said he stepped down after reaching the 130-day limit for special government employees.
  • He had pushed for market structure and stablecoin legislation but those efforts remain unfinished.
  • He will remain involved in the administration through the President’s Council of Advisors on Science and Technology.

David Sacks is stepping down from his role as the White House’s AI and crypto czar, closing out a short tenure that helped reshape the U.S. government’s approach to digital assets but left several major legislative efforts unfinished.

In an interview with Bloomberg on Thursday, Sacks said that his time as a special government employee had ended after reaching the 130-day limit. 

He will remain involved in the administration as co-chair of the President’s Council of Advisors on Science and Technology, where he will advise on a broader set of technology issues.

During his time in the White House, Sacks played a central role in shaping the Trump administration’s crypto agenda, including efforts to pass market structure and stablecoin legislation and support for a U.S. strategic Bitcoin reserve. 

He also pushed for clearer digital asset rules and, like many within Trump’s orbit, criticized the prior regulatory approach under the Biden administration as overly reliant on enforcement.

But some of the industry’s most anticipated reforms remain incomplete.

Sacks had previously said that market structure and stablecoin legislation could pass within the administration’s first 100 days, though those efforts have been met with resistance as Congress continues to debate the CLARITY Act beyond that timeline.

One early proposal to create a permanent White House “crypto council” of industry leaders never materialized, with the administration instead opting for periodic summits and an internal digital-assets working group after industry infighting complicated the plan, according to prior Decrypt reporting.

Sacks was also involved in early discussions around the administration’s digital asset stockpile and strategic Bitcoin reserve, which were framed as part of a broader effort to position the U.S. as a global crypto hub.

So far, efforts on that front have not fully materialized either. The reserve is expected to be continuously seeded with Bitcoin seized by the U.S. government, though questions remain over whether and how additional purchases would be funded.

Before taking the role, Sacks said he sold his personal crypto holdings to avoid conflicts of interest, while continuing to advocate for a more defined regulatory framework for the industry.

Though he frequently dismissed concerns raised by Democratic lawmakers and industry participants about Trump’s links to World Liberty Financial, a DeFi firm majority-owned by the President’s sons.

Sacks’ departure leaves the administration’s crypto policy agenda still in progress, with lawmakers continuing to debate how digital assets should be regulated in the U.S., including which agencies should oversee different parts of the market and how stablecoins should be governed.

He said Thursday he will continue working on artificial intelligence policy and technology strategy through his new advisory role.

“As co-chair of PCAST, I can now make a range of recommendations on not just AI but an expanded range of technology topics,” Sacks said. “This is how I’ll be involved moving forward.”

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Manchester United and Moroccan International Noussair Mazraoui Becomes Strategic Partner With the World’s Leading Islamic Fintech, Wahed

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Manchester United and Moroccan International Noussair Mazraoui Becomes Strategic Partner With the World’s Leading Islamic Fintech, Wahed

Wahed, the world’s leading Islamic fintech welcomes Noussair Mazraoui to Wahed.

Wahed has already built a unique ambassador family that brings together global sports icons such as Khabib Nurmagomedov, Paul Pogba, Arnaut Danjuma, Zakaria Aboukhlal and Yunus Musah representing the worlds of sport, faith, and influence. Today, Wahed expands this roster even further, with the announcement of Noussair.

Noussair said: ‘I am delighted to be a part of Wahed. Their vision for creating a more inclusive financial world is something I am so proud to support and fully align with my own values and beliefs.’

On welcoming him to Wahed, As’ad Layth, Chief Business Development & Strategy Officer noted: ‘Wahed was founded to make financial services accessible to all. The decision by leaders in global sport like Noussair to back our mission as a shareholder and strategic partner reflects both the momentum behind Wahed and the growing demand for a better way to build wealth without compromising on value.’

Ethereum Network Experiences Rapid Growth In Daily Transactions Amid Rising ETH Prices

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Ethereum Network Experiences Rapid Growth In Daily Transactions Amid Rising ETH Prices

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As the market regains bullish momentum, the Ethereum price flipped toward the upside direction, drawing closer to the $2,200 level. Looking at recent on-chain data, this positive performance is starting to reflect on the ETH network, with transactions executed on chain spiking to significant levels.

Daily Transaction Count On Ethereum Climbs

Ethereum’s price action is moving in tandem with the network performance, raising speculation whether ETH is gathering momentum underneath for a potential rally. While the price of Ethereum is currently breaking key resistance points, the network is reaching levels not seen in months.

In an X post, CW, a data analyst on CryptoQuant and investor, has published that activity on the Ethereum network is spiking at a notable pace. According to the analyst, daily transaction counts on the network are increasing exponentially, which points to a sharp rise in user engagement.

Ethereum
Source: Chart from CW on X

Furthermore, this surge in daily transaction count implies that more participants are interacting with decentralized applications, transfers, and on-chain services. All of these crucial factors reflect renewed demand and growing utility across the broader ecosystem, which could translate into sustained market momentum.

Although the price of ETH has fallen this year, activity across the leading network has remained at an all-time high level. At this point, CW claims that the rising daily transaction count is not a signal of a bear market. The price of Ethereum may have dropped, but some investors are displaying robust resilience under the surface, reinforcing the network growth as the trend continues.

ETH’s Price Is Moving Closer To Short-Term Realized Price

In terms of price action, Ethereum continues to trade within a short-term range, with the altcoin currently valued around $2,150. After a brief analysis, Darkfost, another author at CryptoQuant and market expert, announced that the price is in striking distance from the average realized price, which presently sits at the $2,300 level.

This level typically serves as a structural and psychological barrier that separates profit from loss for a significant portion of the market. ETH nearing this level signals a critical inflection point. By applying a standard deviation, the model allows projecting a high average price currently estimated at the $5,300 mark and a low at $1,150. 

Thus, Darkfost highlighted that Ethereum is positioned in the middle of this realized price zone, suggesting that the best strategy for those looking to take a medium to long-term exposure is to wait out the market. Given the current market conditions, this strategy proves to be valid. In this market structure, the realized price, which acts as resistance, is also expected to serve as a break-even exit level for some investors.

At the time of writing, the price of ETH was trading at $2,117, declining by over 2% over the last 24 hours. Its trading volume is moving in alignment with price action, recording a more than 7% decrease over the past day.

Ethereum
ETH trading at $2,122 on the 1D chart | Source: ETHUSDT on Tradingview.com

Featured image from Unsplash, chart from Tradingview.com

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Bitcoin Profitability Near 50% Mirrors Previous Market Bottoms

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Bitcoin Profitability Near 50% Mirrors Previous Market Bottoms

The total Bitcoin (BTC) supply in profit stands at 60.6% on Thursday, continuing to move within a range historically associated with market cycle resets. The metric previously dropped to 50.8% on Feb. 5, its lowest level since January 2, 2023, leaving a large share of holders at breakeven or at a loss.

Similar conditions in the past cycles have preceded strong upside moves. In January 2023, BTC traded at $16,682 when profitability levels were comparable at 51%, before rallying 655% to $126,000 in 2025.

A similar setup occurred in March 2020, when the total supply in profit fell below 50% as BTC traded at $6,500, ahead of a move to $69,000 in 2021.

Bitcoin profitability returns to prior market cycle base levels

Over the past five years, the 50–60% profitability range has repeatedly marked periods where a large portion of holders sat near the BTC cost basis. That compresses unrealized gains across the network and reduces the incentive to sell into weakness.

Bitcoin Supply in Profit (%). Source: CryptoQuant

It is important to note that the metric does not pinpoint a price bottom. It outlines a zone where long-term accumulation has led to high returns while the downside sell pressure has eased.

In past cycles, Bitcoin price bottoms were formed when the long-term holder net unrealized profit/loss (LTH-NUPL) turned negative, as seen during the 2015, 2018, and 2022 bear markets. This phase marked a period where the long-term investors were holding at a loss.

However, the current LTH-NUPL reading is near 0.40, which means that the long-term holders are still comfortably in profit, even as the overall supply profitability has dropped near market cycle lows.

Cryptocurrencies, Bitcoin Price, Bitcoin Analysis, Adoption, Cryptocurrency Exchange, Price Analysis, Market Analysis, Bitcoin ETF, ETF
Bitcoin LTH-NUPL data. Source: CryptoQuant

This gap highlights a shift in the market environment. A growing share of Bitcoin supply is now held by corporate entities and spot exchange-traded funds (ETFs), which collectively control close to 15.8% of the circulating supply, i.e., 3,319,677 BTC.

These participants typically operate with a longer holding period and lower sensitivity to short-term price swings.

As a result, the profitability compression across the BTC market does not translate into the same level of forced selling from long-term holders seen in previous cycles in 2015, 2018, and 2022.

This change helps explain why the total supply in profit may revisit historical accumulation zones while the long-term holder profitability stays elevated.

Related: Bitcoin in ‘later stages’ of bear market: Watch these BTC price levels

BTC exchange flows align with valuation models

The short-term holder BTC flows to Binance fell to 25,000 BTC on March 25. Crypto analyst Darkfost said it is a new market low, down from roughly 100,000 BTC during the early February sell-off. This decline shows a clear reduction in reactive selling from the newer market participants.

Cryptocurrencies, Bitcoin Price, Bitcoin Analysis, Adoption, Cryptocurrency Exchange, Price Analysis, Market Analysis, Bitcoin ETF, ETF
Bitcoin STH inflows on Binance. Source: CryptoQuant

Meanwhile, crypto analyst GugaOnChain noted that the valuation models can help identify where the deeper market stress may emerge for BTC. Metrics such as market-value to realized-value (MVRV) below 1, NUPL under -0.2, and a Puell Multiple near 0.35 have historically appeared during periods of heavy retail pressure and undervalued conditions.

While these indicators do not predict the exact market bottoms, they highlight zones where downside risk has historically been limited relative to long-term upside, offering a clearer view of overall market positioning.

Related: Bitcoin dips 3% as analysis says $70K BTC price ‘not obviously bearish’