K33
Coverage of K33 in the Nexus archive.
- Bitcoin market in ‘hibernation’ as perp trading activity sinks to three-year low ahead of US CPI release: K33
The Bitcoin market is reported to be in ‘hibernation’ as perp trading activity sinks to a three-year low. Elevated open interest further leaves the market exposed to potentially sharper, liquidation-driven moves while traders await the U.S. CPI report.
- ‘Panic visible onchain’: Bitcoin activity hits 2026 high amid Coldcard attack as K33 flags potential bottoming pattern
Bitcoin's seven-day active supply reached a 2026 high with approximately 890,000 BTC moved in the past week amid the Coldcard attack, according to K33. K33 noted a potential bottoming pattern in Bitcoin's activity.
- ‘Sleepy July’: K33 says bitcoin spot volume on track for weakest month since late 2023
K33 reports that Bitcoin spot trading volume is expected to be the weakest in July since late 2023, with derivatives markets also showing subdued activity.
- Bitcoin nears cycle bottom as over half of supply is held at a loss, says K33
K33 noted that Bitcoin has historically reached a cycle bottom within weeks of over half its circulating supply being held at a loss, with strong one-year returns following in most previous cycles. The analysis suggests Bitcoin may be approaching a similar turning point.
- Bitcoin’s early July bounce rides thin summer liquidity as half of supply still sits underwater: analysts
Bitcoin traded around $63,500 after a six-day rally, with Wintermute and Bitfinex highlighting weak ETF demand and K33 noting 50% of supply is at a loss. Analysts point to thin summer liquidity and a significant portion of Bitcoin holdings remaining underwater.
- ‘Long-term holders are hodling’: K33 says record supply metric suggests bear market may be nearing an end
K33 reports that a record supply metric suggests the bear market may be nearing an end, with stabilizing conditions and low trading activity indicating holders are reluctant to sell.
- More than 50% of bitcoin supply is underwater; prior bottoms followed within weeks, often after a final leg lower: K33
Over half of bitcoin's circulating supply is trading at a loss, a level typically observed near major bear market bottoms according to K33. The analysis suggests prior market bottoms often followed similar conditions within weeks.
- Bitcoin set for 'choppy summer' as capital chases high-flying AI stocks, K33 says
Bitcoin is expected to experience a volatile summer as investors shift capital toward high-performing AI stocks, according to K33. The analysis highlights reduced interest in Bitcoin amid strong market momentum in artificial intelligence-related equities.
- ‘Not all 200-day moving averages are equal’: K33 argues February’s $60K low still marks cycle’s maximum drawdown
Bitcoin has struggled since revisiting its 200-day moving average at around $82,000. K33 argues that February's $60K low still marks the cycle's maximum drawdown. The cycle bottom is still in.
- This bitcoin bear market is different with 'uniquely pessimistic' traders limiting downside, K33 says
K33 notes that the current bitcoin bear market is uniquely pessimistic, with traders limiting the downside. This suggests a different market dynamic compared to previous bear markets. The sentiment among traders is unusually pessimistic.
- Strategy’s STRC may be fueling recurring mid-month bitcoin rallies, K33 says
Bitcoin rallies in the middle of March and April may be linked to Strategy's STRC, according to K33. This pattern suggests a recurring trend. Bitcoin returns were strong during these periods.
- Bitcoin hits longest negative funding streak this decade as K33 flags short squeeze risk
Bitcoin has hit its longest negative funding streak this decade, with a potential short squeeze risk flagged by K33. According to Vetle Lunde, Head of Research, buying bitcoin during such negative regimes has led to strong forward returns. This pattern suggests a potential upside for bitcoin investors.