๐Ÿ“Š The Week On-Chain 17, 2026


Trapped Below Market Mean
#BTC remains capped below the True Market Mean, with support at $65k, $70k. Spot selling is easing and flows stabilize, but demand is weak. Heavy short positioning leaves room for squeezes in a range-bound market. Executive Summary
- Price has rejected at the True Market Mean (~$79k) and short-term holder cost basis, confirming resistance and reinforcing a mid-term downside bias. - Spot selling pressure is easing, with volume delta recovering toward neutral and early signs of buyer re-engagement emerging. - #Perpetual futures positioning has flipped to a record net short bias, highlighting elevated hedging activity and squeeze potential. #crypto
BTC-1.04%
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