Another +ve flow day for the 🇺🇸 $BTC ETF's, but its still a bit lack luster, we need to see volumes increasing, and they are still a bit sluggish. The week is still young so there is time yet, but is is a concern that we are not seeing the institutions play ball yet.
I would really like to see $BTC hold onto the weekly open inside the bullish order block. I still feel there is more to come from this move and low to mid 90K's is very possible, but losing 86k on any momentum and closing a H4 below would shift my bias.
- @Megaeth_labs public testnet is live - @worldlibertyfi invested $3M in 3.54 million $MNT tokens at $0.84 each - $TRUMP surged 12% as the President calls it “the greatest of them all”
Ethereum’s Exchange Supply Hits 9-Year Low — Is a Supply Shock Ahead?
$ETH supply on exchanges has dropped to 8.97M $ETH , the lowest since November 2015, according to @santimentfeed. Investors continue moving $ETH to cold storage, reducing available liquidity.
BTC saw a similar trend in January when exchange reserves hit a 7-year low, followed by a sharp price surge.
Meanwhile, $ETH / $BTC is at a 5-year low, and spot ETFs have recorded 12 straight days of outflows, reflecting ongoing market pressure.
$BTC is forming a narrowing wedge, and we are at a crucial phase! Based on TA, a short-term pullback (red scenario) is possible before a strong breakout to the upside (green scenario), with the potential to reach $100,000+ 🚀