Our backtesting engine found this $BTC rule.

It buys when the 30-day RSI of entities in profit crosses above its threshold.

Since July 2023, its worst drawdown was 20%, against 53% for holding.

Discover your own strategy 👈

Hyperliquid whales are net short $BTC for the first time since March.

This group managed to long the bottom, but the positioning flipped last week.

The question is whether they are early to a deeper pullback, or about to be squeezed if price turns higher.

$BTC is beating the S&P 500 again.

Over recent weeks it has won more trading days than it lost. In June it won only one day in five, its weakest stretch in more than five years.

Outperformance like this could become reflexive as investors move to the strongest asset class.

$85K keeps turning $BTC back.

Since January, Bitcoin has closed above it on only five days, never more than three in a row. It's a truly tough level to break.

More in depth analysis in our latest Week on Chain report

This market looks a lot like summer 2023.

In 2023, $BTC's first big move off the bottom ran into a meme and altcoin frenzy. Volatility then sank. This year has followed the same order, with volatility now at the lows.

More on these parallels in this week's Week On-chain.