CryptoQuant says Bitcoin bottom stress gauge is near 40%, not yet at "maximum opportunity"

CryptoQuant contributor MorenoDV says an onchain market-stress indicator that has historically aligned with major Bitcoin cycle lows is currently near 40%, showing notable pressure but below past bottom extremes. Bitcoin started June under $70,000 after U.S. spot bitcoin ETFs saw about $2.43 billion of outflows in May, the largest monthly redemption of 2026. MorenoDV argues the strongest entries typically appear only after selling exhaustion pushes the gauge into its "maximum opportunity" zone.