BTC supply in loss crossed 50% on June 5. That's 42 days ago.

Every time this exact thing happened before, 2011, 2018, 2022, bitcoin found its bottom within 31 days of crossing that line. Every single time.

We just blew past that window. This is already the second-longest stretch on record before a bottom finally printed, and K33's own data says the real range runs 13 to 101 days, usually with one more flush of 15-26% right before it turns.

Abraxas pulled $16M in ETH off exchanges this week, on top of $15M a few days before that. Since May, they're sitting on 350k+ ETH.