Le SSRR ajusté du bitcoin est entré en zone rouge autour de 60K, la valeur de l’offre en perte ayant dépassé celle en profit. Le modèle de valorisation CVDD situe un plancher structurel proche de 48K, niveau clé à surveiller en cas de baisse. Ces deux indicateurs, fondés sur des logiques différentes, convergent vers la même zone d’accumulation.

Bitcoin recovered from the $60K area to about $65.6K as aggressive spot buyers returned, rather than from a classic short squeeze. Over the June 6–15 stretch, funding stayed positive for 10 consecutive days, suggesting long leverage is rebuilding even as demand supports the move.

Bitcoin rebounded about 3.7% from the $60K area after dipping to roughly $60.5K on June 5 and recovering to around $62.7K by June 8. Over the same stretch, futures open interest declined 6% from $1.65B to $1.55B while funding stayed positive, pointing to a move fueled more by short covering than by new leveraged longs. Key confirmation to watch is whether open interest begins rising alongside price while buy-side taker flow remains positive.

Bitcoin has slid back over the past month after May's recovery attempt, retesting the February low around $62K while crowd sentiment drops into extreme fear. At the same time, real-flow and positioning measures show a controlled weakening rather than clear capitulation. The setup hinges on whether $62K holds or breaks, with follow-through depending on sentiment turning up and flow structure stabilizing.

Axel Adler Jr. presents a rules-based "Bitcoin Weekly Decision System" that delivers one Sunday action—buy, hold, sell, or exit—plus triggers and invalidation levels. The system says it exited to cash on 2025-10-12 at $114,788 and has not re-entered, while a terminal view checks the market regime four times daily.

Bitcoin's 30-day exchange net flow shifted into inflow territory and reached +103K BTC on May 26, after first turning positive on May 18. Over the same window, stablecoin net flow to centralized exchanges flipped negative and fell as low as -$153M per day on May 27, signaling reduced on-exchange buying liquidity. The combination points to rising sell-side supply alongside weakening demand, while key inflection levels are whether BTC inflows stay above +100K BTC and whether stablecoin flows recover back toward zero.

Bitcoin's composite structure signal slid from +0.78 to -0.56 over three weeks, pushing the market back into a "High Bear" regime while short-term holders (STH) began realizing losses to exchanges. BTC is trading around $75.6K, roughly 1.5% above the 21-day Donchian Support at $74.5K, a level flagged as the key trigger for either stabilization or a deeper move toward $67–68K.

Bitcoin's Taker Score (SMA-7) fell from 84 to 31 in less than a day from May 25 to May 26, while price slipped only 0.65% after rebounding from the May 23 low. The drop in aggressive perpetual-order-book buying pulled the Bitcoin Futures Microstructure Composite Index (SMA-7) down to 37.6, signaling a neutral regime with a risk-off tilt as buyer flow cooled before price moved.

Over the past week, BTC flows tilted against buyers as net exchange inflows climbed to +18K BTC while U.S. spot Bitcoin ETFs recorded roughly -16K BTC. Together, the two channels imply about 34K BTC of local selling pressure, with ETFs not providing demand to offset the added exchange-side supply.