Good morning☀️
We are only 3% away from seeing headlines like#Bitcoinhits $100,000.
ETF purchases continue at full speed. There was a net inflow of $773 million yesterday. Despite the price being at ATH, the fact that ETF inflows continue is positive.
Spot purchases continue along with ETF purchases.
Coinbase had already started buying around $49k. Binance started buying after it exceeded $80k. As of now, both exchanges continue buying.
There is no major change in other data.
🔹 Whale activity is in positive territory. (+20)
🔹 Spot CVD is rising.
🔹 Short liquidations are being cleared.
🔹 Funding rates are at normal levels.
🔹 ETF inflows continue.
We can say that the data generally remains positive.
I have already mentioned many times that when Bitcoin was around $60k, the data was positive and the target was $95-105k.
As of now, the price has entered the target area and the probability of the increase continuing seems high. We will determine new targets according to a new trend structure, formation or price movement that will occur in this area.
If Bitcoin starts to consolidate at these levels, the entries to the bottom will accelerate and we can catch good profits in altcoins.
I have not had the opportunity to share since I have been traveling for the last three days. I will share analysis frequently from today on, my friends.
I wish everyone a nice day and plenty of earnings.