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Negative news on Ethereum prior to an $ETH ETF is kind of a tell sign that the approval is happening
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Today ETF Total Flow remains negative today 👀
BlackRock bought less. GrayScale keeps selling strong 👀
Kimchi premium hits 3-year high: 10% price premium on #Bitcoin in South Korea.
This is data to measure the level of Retailers FOMO, which could hint a Top Signal‼️
MicroStrategy has acquired an additional 9,245 BTC for ~$623.0M using proceeds from convertible notes & excess cash for ~$67,382 per #bitcoin
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Bitcoin ETF Flow - 18 March 2024
GBTC Outflow $643m
Biggest outflow for GBTC thus far
Price is still holding 🔥
#BTC
+ Price retesting EMA25 4hourly
+ Deviation about Previous of last cycle.
+ Bad reaction in Meme group. No more fomo left.
This is the last stand (final cluster) for bears 🐻
Do my own research at last cycle.
Weak altcoins had 2 parts of Altseason.
Strong Altcoins had 3 part of Altseason.
The part 2 has started today.
2 fuds come at the same time #ETH
ETH dip 7%
Like exactly BTC dip 7% at CZ fud.
If FUD could not put price down It is great bottom.
https://www.coindesk.com/business/2024/03/20/ethereum-foundation-under-investigation-by-state-authority/
It's time for #ETH season.
Ethereum Spot ETF is in the corner.
No support until:
1/ Production cost level (50-52k)
2/ Electricity cost level (30k)
3/ Funding matrix turning to max negative zone.
Top winners in Bulls = AI & Meme
Top losers in Bears = AI & Meme
A lot of weird things x500% x1000% in past 2 weeks.
MM keeps BTC above 66666
The party over is imminent