Thursday, 7 May 2026 · No. 35
Exchange inflows persist amid neutral sentiment and macro risk-off rotation.
The Lead
Bitcoin price drifts near $80,000 with persistent exchange net inflows signaling holder distribution that now outweighs ETF accumulation gains. This pressure builds as USD index lingers above 97 and gold surges past $4700 per ounce, drawing risk-off flows away from crypto into traditional havens despite Hormuz tensions easing on U.S.-Iran talks.[1][2] Thin spot volume amplifies downside vulnerability, with $83 million in long liquidations underscoring weak structure.Coinglass Network hashrate holds near 980 EH/s and Lightning capacity climbs to 4853 BTC, proving baseline security endures even as price erodes.[3] Investors ignore how neutral MVRV at 1.50 masks rising exchange balances nearing 2.6 million BTC, a threshold where selling accelerates if yields climb further.CryptoQuant Macro liquidity squeeze from steady central bank rates favors bonds over Bitcoin. Does Hormuz de-escalation unlock oil relief to ease inflation, or does it expose fiat fatigue without Bitcoin flows?
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The Reading
Threat
MONITORING
Conviction
51/100
206 sources cited
At Publication
Now and change since Thu 7 May
- BTC Price
- $79,906
- 24h Change
- -1.87%
- Fear & Greed
- 47
- Hashrate
- 979.7 EH/s
- MVRV
- 1.50
- Block Height
- 948,345
- S&P 500
- 7,332.6
- VIX
- 17.44
- Gold
- $4718
- DXY
- 97.95
- US 10Y
- 4.39%
- Oil
- $96.62
In This Briefing
The Wire
BITCOIN
Samson Mow defends Strategy selling portions of its Bitcoin treasury — Cointelegraph
BITCOIN
Core Scientific posts $347M loss as AI hosting overtakes Bitcoin mining — Cointelegraph
ECONOMY
Inflation Expectations Jump To 3 Year High As Financial Pessimism Surges: NY Fed Survey — ZeroHedge
ECONOMY
Kevin Warsh will be the richest Fed chair ever. Just how rich, he isn’t saying. — MarketWatch
CONFLICT
Lebanon Latest Israeli strikes Beirut despite ‘ceasefire’ — Al Jazeera
CONFLICT
Oil Rises After Iran Reiterates Nuclear Enrichment Red Line: "No Uranium Has Left The Country" — ZeroHedge
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