Core Insights - Bitcoin (BTC) is currently in a state of equilibrium, with on-chain data indicating a balance between profit-taking by sellers and ongoing demand from long-term holders [1][2] - The market is experiencing a lack of clear directional bias, with BTC trading around the $88,000 mark after a volatile 2025 [1] - Analysts predict a prolonged range-bound activity for Bitcoin, with expectations of trading between $80,000 and $140,000 for most of 2026 [3] Market Dynamics - Selling pressure is present but not indicative of panic, as the Spent Output Profit Ratio (SOPR) is at 0.994, suggesting coins are being sold close to their original purchase price [1] - Demand from U.S. spot markets has decreased, reflected by a negative Coinbase Premium Index of -0.09, indicating lower prices on U.S. exchanges compared to global ones [2] - There is a steady trend of accumulation, with significant net outflows of BTC from centralized exchanges as investors move assets into self-custody for long-term holding [2] Trading Strategies - The current market structure suggests a mature, two-sided market, prompting institutional desks to shift focus from trend-following to range-trading strategies [3] - Defined support and resistance levels make options strategies like selling strangles or straddles more viable, allowing traders to capitalize on time decay while the asset remains compressed [4] - Persistent outflows from exchanges indicate that any major price dip is likely to be met with strong accumulation, providing a structural floor for the market [4] Future Outlook - The next significant directional move in Bitcoin's price is expected to require an external catalyst, such as a macroeconomic shift or changes in ETF inflow dynamics, to break the current deadlock [5]

RT Arkham (@arkham)BREAKING: ARKHAM UNCOVERS $3.5B HEIST - THE LARGEST EVERLuBian was a Chinese mining pool with facilities in China & Iran. Based on analysis of on-chain data, it appears that 127,426 BTC was stolen from LuBian in December 2020, worth $3.5 billion at the time and now worth approximately $14.5 billion.Neither LuBian nor the hacker have publicly acknowledged the hack. Arkham is the first to report it. Details below: ...

Data Analysis & Insights - Crypto's edge lies in the ability to analyze public, on-chain data [1] - Identifying the right data sources puts one ahead of 99% of the market [1] Tools & Resources - Dashboards like Token Terminal and DeFiLlama are valuable resources for on-chain data analysis [1]