Catrix Daily | Jun 9, 2026

Over half of all BTC is now held at a loss. And yet — someone's quietly buying.

AI Forecast
BTC: Slightly Bearish 📉 33/100 | ETH: Extreme Bearish 📉 13/100

Real yield Z=2.31, 6-month high. Stablecoin reserves down 21% this month. Macro not helping.

Today's Focus: Supply Structure
→ BTC: Supply in Profit: 49.7% (2nd pct of 180D) — majority underwater for first time this cycle. But OTC desk inventory dropped 59% in 7 days (z>3.0). Someone's absorbing at scale, off exchange.
→ ETH: MVRV (Market Value to Realized Value): 0.74 — 26% below cost basis. Exchange balance fell 2.6% this week while mid-tier holders added +127K ETH. Capitulation on one side, quiet accumulation on the other.

Are we closer to the floor than the data suggests?
insight.catrix.xyz