The weekly price action traded down -11.3%, which is a significant fall, but is not the most significant in recent years. This performance is slightly shy of the long-term one standard deviation move of -12.6%, a level which was breached during major capitulation events such as the collapse events of #FTX, #3AC, and #LUNA.

"The 2021 bullish cycle was notably characterized by a prevailing inclination among investors to sell and secure profits amid the euphoria of upward trends. However, the mid-2022 declines of #LUNA-#UST and #3AC marked a pivot back towards net accumulation, as investors endeavored to establish stability within the market.

Nonetheless, since April of this year, the market has reverted to a relatively balanced state. This aligns with the deceleration in capital inflows into #BTC and #ETH, coinciding with a market atmosphere growing progressively indifferent and uncertain."

Vaulted Supply has experienced a sustained regime of inflows since June 2021, however with a notable uptick following the June 2022 sell-off when #3AC and #LUNA-#UST collapsed. This metric speaks to an aggregate maturation of the #BTC supply, as investors accumulate and hold onto their coins, refraining from spending and transacting at an increasing rate.