Bitcoin's supply in loss nearing 40% indicates stress but not yet at historical 'maximum opportunity' zone.
Too little corroboration in the last 3 days to call a trend (3 articles). Watching for it to gain traction.
Mainstream financial press is carrying this — attention has broadened beyond specialist outlets.
"Bitcoin's current slump tracks the asset's historical four-year halving cycle, in which mining rewards are periodically cut in half, tightening new supply and often preceding a bear phase. The firm framed this downturn as a recurring feature of Bitcoin's market structure rather than a break from it."
"The trigger is Flow Stress rising while Price Stress stays elevated. That combination produced both the July 28 and June 4 spikes. As long as exchange inflows stay quiet, the current impulse stays in the Calm zone and loses momentum quickly."
"'The current reading near 40% shows that stress is already meaningful, but not yet at the historical ‘maximum opportunity' zone,' CryptoQuant said."