On-chain analyst Darkfost warns of a critical phase for altcoins, citing rising exchange deposits and bearish divergence as indicators of unsustainable market euphoria.
Over 71% of Bitcoin's circulating supply is in unrealized profit, signaling a potential transition to a bullish market phase based on historical trends since 2012.
Bitcoin trades below $80,000 despite three consecutive weeks of positive inflows into US spot ETFs, totaling approximately $987 million.
Short-term Bitcoin whales are holding record unrealized profits of over $9 billion, increasing the risk of sell-side pressure on the market.
