Good morning☀️

#Bitcoinhas been moving sideways and around 104k without volume for 1 week.

During this process, there was approximately 2 Billion net inflows to spot ETF. Despite the horizontal movement, the continuation of purchases is extremely positive.

With the latest entries, the amount of Bitcoin purchased since the first approval has reached 543,000.

ETF investors continue to accumulate Bitcoin with the piggy bank logic as long as the general economic picture is positive, without looking at short-term declines.

On the other hand, there is no major change in other technical data.

🔹Whale activity positive +15

🔹Funding rates positive

🔹Long rates low

The only negative data right now is spot CVD. Coinbase started selling last Friday.

Coinbase sales are still ongoing. Spot CVD fell by approximately $ 1 billion. Since ETF purchases covered these sales, the price moved sideways instead of falling.

They may be selling these to switch to risk-off mode due to the FED interest rate decision to be announced next week.

There is no negativity other than Coinbase sales. We will be able to see our future much more clearly after the FED interest rate decision next week.

For now, the data is generally positive and there is no problem with the main trend structure, my friends.

I did not share much this week because the prices are moving sideways. I do not want to share unnecessary posts just to gain interaction and followers.

Since the market will be active due to the FED decision next week, I will share frequent analyses related to both Bitcoin and altcoins.

I wish everyone a nice weekend and lots of earnings.