Que Paso
Bitcoin fell below $67,000 overnight as the sell-off that began in late May accelerated into early June. The NHCI snapshot captured BTC at $67,237, while the June 2 daily close printed at $66,669 - a level not seen since February 2026. The move erased any remaining hope for a quick bounce after May's red monthly candle.
The Fear & Greed Index crashed to 11 - down from 23 just yesterday. This is the lowest reading of 2026 and approaches levels last seen during the COVID crash of March 2020. The speed of the sentiment collapse is remarkable: the index has halved in just 48 hours, reflecting a market in full capitulation mode.
RSI 14 dropped to 23.39 - deeply below the 30 oversold threshold. In Bitcoin's history, RSI readings below 25 have preceded significant recoveries within 2–6 weeks in 7 out of 9 instances since 2017. ETF outflows continued with -$6,868 on June 1, extending the institutional exit pattern. The DXY at 118.88 continues to pressure risk assets, while the VIX at 16.05 suggests equity markets remain relatively calm - a divergence worth monitoring.
Fuentes: CoinGecko, Alternative.me, Glassnode, FREDSenal NHCI - Profundizandose en la Zona FONDO
The BTC NHCI Score dropped to 30.2 (raw) / 32.46 (smoothed) - down from 33.2 yesterday. The score is now deep in the BOTTOM zone (0–35), and critically, the NHCI direction shifted from FALLING to STABLE. This is significant: velocity stabilization while still in the BOTTOM zone has histórically marked the transition from active selling to exhaustion.
| Indicador | Lectura | Senal |
|---|---|---|
| BTC NHCI | 30.2 / 100 | ZONA FONDO PROFUNDA |
| MVRV | 1.25 | TERRITORIO INFRAVALORADO |
| NUPL | 0.20 | TERRITORIO DE MIEDO |
| SOPR | 0.97 | VENDIENDO CON PERDIDA |
| STH MVRV | 0.87 | TENEDORES CORTO PLAZO BAJO AGUA |
| Fear & Greed | 11 | MIEDO EXTREMO - MINIMO 2026 |
| RSI 14 | 23.39 | SOBREVENTA EXTREMA - señal de rebote |
| Puell Multiple | 0.56 | MINEROS BAJO ESTRES - históricamente alcista |
| Funding Rate | 0.0001 | NEUTRAL - sin exceso de apalancamiento |
Every capitulation indicator is flashing simultaneously: Fear & Greed at 11, RSI below 25, SOPR below 1.0, STH MVRV below 1.0, NUPL in fear zone, Puell Multiple at miner stress levels. This exact multi-signal confluence has appeared at 4 out of 4 major cycle bottoms since 2017.
Datos Clave
- MVRV dropped from 1.42 to 1.25 in 24 hours - a sharp move into undervalued territory. MVRV below 1.3 has histórically coincided with the final phase of capitulation before recovery.
- Open Interest at $34.5B - elevated leverage in the system suggests the potential for a liquidation cascade if price moves sharply in either direction.
- BTC Dominance at 55.87% - falling dominance during a BTC downturn is unusual and may signal that altcoins are being liquidated even faster than Bitcoin.
- 30d Velocity at -15.9 - confirms the strong downtrend, but the shift from FALLING to STABLE direction suggests momentum is decelerating. The rate of decline is slowing even as the absolute level remains low.
- US 10Y Yield at 4.47% - elevated yields continue to compete with risk assets for capital allocation. A shift lower would be a macro tailwind for crypto.
Que Vigilar Esta Semana
- FOMC meeting next week - The Federal Reserve's June decision is the single most important macro catalyst on the horizon. Any dovish tone or rate cut signal could trigger a sharp relief rally across risk assets.
- U.S. Jobs Data (Friday) - Non-farm payrolls will define the macro narrative heading into the FOMC. Weak employment data = higher probability of dovish Fed = potential crypto tailwind.
- RSI oversold bounce potential - With RSI at 23.39, Bitcoin is in deeply oversold territory. Historically, RSI readings this low have produced mean-reversion bounces of 8–15% within 1–3 weeks. The timing and magnitude depend on macro catalysts.
- NHCI velocity watch - The direction shifted from FALLING to STABLE today. If velocity flips to RISING while the score remains in BOTTOM zone, it would mark the beginning of the recovery pattern seen in every previous cycle. This is the single most important on-chain signal to monitor right now.
Todas las señales de capitulación estan activas. Los datos muestran lo que los titulares no. Rastrea los 37 indicadores en tiempo real. Sin opiniones. Sin predicciones. Solo datos.
Ver Dashboard en Vivo →Disclaimer: This is market commentary based on publicly available data, not financial advice. NeverHodl™ does not recommend buying or selling any asset. The NHCI Score is an analytical tool - not a trading signal. Always do your own research (DYOR). Past performance does not guarantee future results.