Adler AM: Bitcoin Morning Brief

Bitcoin is 37% above long-term holders' cost basis as MVRV recovers from breakeven. Compare today's drawdown to past bull market corrections.

Bitcoin reclaims the 365D moving average at $80.5K for the first time since November 2025. Trend Pulse flips to bull mode. Key levels to watch.

Bitcoin long-term holder supply fell 21.7K BTC in 30 days vs 105.9K in late August. LTH SOPR slipped to 0.994 as BTC rose to $81.2K.

Bitcoin recovered to $77.4K as Taker Order Pressure flipped to +0.86 and short liquidations dominated at +54.52. Is the buying edge real?

Bitcoin at $76.2K vs STH realized price $71.3K: short-term holder profit cushion fell from 10% to 7% in a week. Exchange inflow P/L nears zero.

Markets see a Fed rate hike as near-certain. History shows stocks often dip after a first hike. What that means for the S&P 500 and Bitcoin.

Bitcoin Bollinger Band width sits at 4.81%, below 6% for six days. Price holds $76.6K-$80.4K as taker flow turns neutral. No clear edge yet.

Bitcoin holds near $77K despite rising derivatives pressure and a persistent Coinbase discount. On-chain read on whether buyers can confirm.

Bitcoin supply in profit hit 69% with a +41% 90-day change, one of the fastest on record. Why the speed shows scale, not a regime shift.

Bitcoin short-term holders sent 549K BTC to exchanges while STH-SOPR stayed above break-even. Price held most gains despite selling.