Good morning☀️
The US stock exchanges will close early today due to the Christmas holiday and will be closed all day tomorrow.
Volumes dropped and price movements became unstable due to the Christmas and New Year's holidays.
Bitcoin fell by about 15% in the last 7 days, but despite this, we did not see any sales on the Coinbase side. In fact, they continued to buy during this period and Coinbase spot CVD increased.
Despite the decrease, Coinbase's purchase can be interpreted as positive.
On the other hand, there is no major change in other data.
🔹Whale activity is in the positive zone.
🔹Funding rates are at normal levels.
🔹Long rates are low.
🔹Short liquidations have been cleared.
We can say that the current technical data still continues to maintain its positiveness.
This week may be volumeless and calm due to the Christmas and New Year's holidays, but I think the current outlook is still positive since the data and the main trend remain positive.
I will also share an article about the Santa rally, friends. I wish everyone a nice day and good luck.