Bitcoin: THIS ratio hints at a possible BTC supply shock - How?

Why is Binance absorbing most of the spot market activity？

Source: CryptoQuant

Does a Stock-to-Flow ratio of 580 confirm extreme scarcity for BTC？

Source: Santiment

BTC social and derivatives metrics show indecision as conviction stalls

Social Dominance dropped to 19.88% while Binance Funding Rate hovered at a neutral 0.001%, reflecting fading crowd engagement and trader indecision.

This combination suggests a low-conviction environment, where neither bulls nor bears are assertively in control.

Historically, falling social interest paired with flat funding has preceded major volatility as markets await catalysts. The lack of extreme sentiment or leverage reduces short-term breakout momentum.

Therefore, without a spike in engagement or directional funding, Bitcoin may remain range-bound. If these metrics shift sharply, they could signal the start of Bitcoins next big move.

Source: Santiment

Negative DAA Divergence still persists despite recent price stability

The Price-DAA Divergence remained negative, suggesting that address activity has not kept up with recent price movements.

This persistent divergence raises concerns about the strength of the current market structure.

Typically, growing address activity supports sustainable rallies, while divergence often signals speculative or hollow price action.

The continued gap implies fewer unique users are transacting on the network, despite price hovering above $100K.

Source: Santiment

Which force will prevail—conviction or exhaustion？

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