Glassnode PiT study + BTC cycle edges/Santiment sentiment/CryptoQuant/funding/ETFs
Key Questions
What rare bullish signal has appeared for BTC?
Weekly RSI bullish divergence at the 200-week SMA has flashed, only the second time in history. The prior occurrence led to a 755% rally.
What are current BTC funding and ETF flow conditions?
BTC shows negative funding at -0.0075% with ETF outflows of $490M over three days. Spot CVD is negative while perps OI remains elevated.
How do on-chain metrics reflect whale and sentiment activity?
Whales have accumulated 270k BTC and MSTR holds $5.1B YTD. Negative sentiment and loss-taking appear near $93.6k amid mixed 7-day inflows.
BTC rare bullish signal: weekly RSI bullish divergence at 200-week SMA (only second in history, prior 755% rally). BTC neg funding -0.0075% $78-80k squeeze/$84k cap/80.1k STH/111-day SMA; spot CVD neg/perps OI/ETF outflows $490M 3days/Lookonchain May8 1D -$161M BTC/-$78M ETH but 7D +$1.48B BTC/+167M ETH/SOL +$33M weekly end $2.1B inflows streak/April +20% speculative perps rally weak spot $1.97B ETF inflows red flag correction risk/IBIT 3.8% supply/ETH $23M outflows/ETH whales dump $95M (Metalpha/Binance); neg sent/loss-take $93.6k; whales +270k/MSTR $5.1B YTD; funding bottoms/Mar2026 PiT; $100K CIO call.