BTC drops below 100k, but this on-chain indicator suggests: the turning point might be near? BTC and ETH just experienced a double whammy, with both longs and shorts getting liquidated. The community sentiment is almost entirely dominated by panic. But if you only focus on price, it’s easy to get swayed by emotions—on-chain and institutional data are painting a different picture. Here’s what the data shows Hashrate remains high — miners haven’t retreated, nor are they panic-selling Stablecoins are continuously flowing into exchanges — meaning the “ammo” is being loaded ETFs are still seeing net inflows — institutions haven’t wavered; instead, they’re increasing positions during the dip On-chain activity remains strong — no typical signs of a market top This downward move feels more like an “emotional flush” rather than a trend reversal. The harder the market drops, the more thorough the flush, and the quicker the rebound tends to be. But the most critical indicator is saved for last: Keep an eye on “stablecoin reserves on exchanges.” This is the real directional guide to verify whether funds are ready to enter the market. The short-term market looks scary, but data is often more honest than emotions.