Good morning friends☀️

ETF inflows continued on the first trading day of the week and a net inflow of $294 million was realized.

With the latest inflows, the number of Bitcoins purchased since the ETF approval reached 345,200. In other words, ETF investors have invested more than $20 billion in Bitcoin since January.

Continuing ETF purchases in this way weakens the selling pressure and increases the possibility of a price increase.

There were closings above the downtrend resistance, but these closings were not enough for an increase. As I mentioned before, what is really important for an increase is a closing above the last wick region, i.e. above $70k.

A volume closing above $70k will continue to positively affect the price and accelerate the rise. Therefore, we should follow this resistance closely.

I will update other data during the day, friends. I wish everyone a good day and plenty of earnings.