In today's SQL of the Week - a new 2026 model that helps assess how overloaded exchanges are with coins sitting at a loss. This model delivers more real insights than classic on-chain metrics like Exchange Inflow. At the peak of the current cycle it recorded maximum LTH activity, showed the scale and depth of the latest capitulation, and revealed several additional structural signals that are hard to spot with the naked eye.

Full model breakdown and live chart - inside the issue.👇

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.