Bitcoin Macro Score

Composite across 5 dimensions: liquidity · sentiment · on-chain · geopolitics · momentum

Bitcoin consolidates near 84k USD in a stable macroeconomic environment. Positive weekly ETF flows (+1.2B) and record hashrate (680 EH/s) support structural confidence. Exchange reserves at lowest level since 2018 (2.34M BTC) indicate ongoing accumulation. However, MVRV ratio at 1.87 suggests prudent valuation, while weak S&P500 correlation (0.18) provides welcome independence. Stable BTC dominance at 59.7% reflects market solidity. Recent data shows consolidation with limited profit-taking. Controlled inflation (2.4%) and stronger dollar (DXY 103) provide neutral-positive medium-term context. On-chain fundamentals remain robust despite near-term technical consolidation patterns.