最新报道:Bitcoin holds above $100K, supported by a $739.4B Delta Cap valuation floor and a +11.6 Coinbase Premium Gap indicating strong U.S. institutional demand. However, miner stress is rising with the Puell Multiple dropping over 20% to 1.04, while the Stock-to-Flow Ratio fell sharply to 48.2K, raising scarcity concerns. Despite $97M in exchange outflows suggesting accumulation, the mixed signals highlight a delicate balance between institutional support and structural pressures.