Catrix Daily | Jun 30, 2026

Stablecoin buying power just hit a 4-month low. Without fuel, who's going to catch this?

AI Forecast
BTC: Extreme Bearish 📉 13/100 | ETH: Extreme Bearish 📉 14/100

Dollar strength z=1.88, yield curve at 0th percentile. Macro is in full risk-off mode.

Today's Focus: Supply Structure
→ BTC: Stablecoin MCAP -18.9% (30D) — worst drop in the dataset. ETF outflows -56.6K BTC, CME OI collapsed 99.2%. STH-NUPL -0.234, spending at a loss. Every signal pointing the same direction.
→ ETH: Only 30.5% of supply in profit. Exchange balance at 3.9th pct (180D) — supply leaving quietly. MVRV 0.715, 28.5% below cost basis. Whales withdrawing while everyone else panics.

The fuel is gone. But so are the sellers. Month-end — which side resets first?
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