Catrix Daily | Jun 24, 2026

Big whales are selling. Mid-tier holders are buying it all. Classic rotation — but is it enough?

AI Forecast
BTC: Slightly Bearish 📉 38/100 | ETH: Bearish 📉 20/100

Real yield at 6-month peak (z=2.25, 100th percentile) — highest opportunity cost this cycle. Max macro headwind.

Today's Focus: Whale Holdings
→ BTC: Mid-tier holders (10-1K BTC) added +39,308 BTC in 30D (z=1.45), absorbing whale distribution. Mega-whale supply at 0th percentile (180D) — historic distribution pace. Supply rotating, not collapsing.
→ ETH: Exchange balance -557K ETH ($927M) in 30D, near 180-day lows. Whales net added +259K ETH. Supply quietly leaving exchanges — but MVRV 0.735 means 26.5% of holders still underwater.

Supply rotating at the bottom. Does that usually end badly?
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