xWIN: Three On-Chain Indicators Point to a Bitcoin Bottom Forming
- —BTC exchange reserves stay low at roughly 2.67 million coins
- —Apparent demand has rebounded from deeply negative levels but remains below zero
- —Whale balances rose to about 3 million BTC and held during the drawdown
- —Markets price an 18% chance of a Fed rate hike in October
Why it matters: If ETF inflows and US spot demand strengthen, current levels could become the base for a sustained reversal higher.
Source: Koin Bülteni