POPA ReconThe Week On-Chain 13, 2026
The Week On-Chain 13, 2026 No Catalyst, No Range Break Bitcoin remains rangebound between $60k and $70k as spot demand shows early absorption and derivatives reset. Volatility cools and positioning balances, but without a clear catalyst, the market lacks the conviction needed for a sustained breakout. Executive Summary - Total Supply in Loss sits near 8.4M BTC, echoing the Q2 2022 structure, when roughly 3M BTC needed to be redistributed before the market could reclaim its cycle mid-line. - Coinbase Spot CVD has turned marginally positive, suggesting spot buyers are starting to absorb sell…
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