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🔎 #BTC cycle pullbacks (weekly):
-22.56%, -20.23%, -21.5%, -23.44%, -25.58%, -29.19%, -17.72%

📊 Stats:
• Median: -21.5%
• Average: -22.89%
• Current: -21.07%

📍 A pullback in line with the median/average would place BTC around $85K-$86K.

If we match the largest drawdown (-29.19%), that would bring us to $77.5K. 👀

BTC is just 5.5% away from its ATH, and here’s the funding heatmap. Absolutely wild. 🚀

In the last 5 days, the ETF has scooped up 32,420 BTC, worth approximately $2.1 billion.

⏳Tik-tak, clock’s ticking... #BTC☀

ETF Inflows going strong

OI is at my key orange line, where big moves (flushes) tend to happen. ⚠️ Stay alert!

Which direction are you taking? 👀 #BTC☀ #Volatility

Strong ETF inflows 📈 over the past two days (Friday & Monday) saw 13,060 BTC scooped up.

Let’s compare that to Bitcoin’s issuance since the last halving:
• Daily: ~450 BTC
• Weekly: ~3,150 BTC
• Monthly: ~13,950 BTC
• Quarterly: ~41,850 BTC
• Yearly: ~164,250 BTC

Who says ETF demand doesn’t impact BTC dynamics?

For reference: A total of 332,320 BTC has been bought since the ETF launch in late January 2024!

What more is there to say?
The 🚀📈 #BNB chart speaks for itself.

We’ve reached my orange line 📉—a key level that has historically marked local OI tops. Every time we touched this line, we saw a push or retrace, leading to a significant portion of OI being closed or pushed out. Let’s see what happens next! 👀 #BTC☀ #Openinterest

📉 BTC Update: We've arrived at the golden Fibonacci retrace from the $70K high to the $49K low. Time to see how it reacts here. 👀 Also, worth noting—$750M in BTC sell orders just got placed just above the current price on Binance. Keep an eye on this level! #bitcoin☀️

📉 BTC CME Gaps: Why do they matter? These aren't just memes—CME gaps have a strong track record of getting filled. Always good to have them plotted on your chart! 📊 #bitcoin☀️ #CMEGaps

3days for the weekly candle to close #BTC☀

📊 ETF Update:

#BTC☀ ETF: Despite the heavy drop, we saw only a minor outflow day. Given the volume traded, it's clear many BTC changed hand

#ETH ETF: What more can I say? Only inflows yesterday. People are stacking up on this dip.

What did you do? 💡

📉
After ETF approval, BTC dropped for 12 days, totaling a 22% loss. Then, it hit its lowest point. A bounce back began three days later. It took 17 days to return to its previous level.

Similarly, ETH also fell for 12 days after the ETF approval, dropping 25%. Now, we need to see what happens next.
🔍📊
#CryptoETFs

📈 Crypto ETFs: BTC & ETH are showing a big divergence in the last two days when looking at the CVD of Coinbase 🔵 and other spot exchanges ⚪️. There's an urgent buying interest at Coinbase. Could this be thanks to the ETFs? #Bitcoin❗ #etherium

📉 Trade Alert: BTC Levels to Watch

If BTC loses its current area, my lower green box around $60K comes into play. This zone is critical for support and could determine the next move. See the attached image for detailed levels. #BTC☀ #tradingbtc

📈 ETH ETF Flows Update

Yesterday's data reveals a consistent inflow across all ETH ETF providers, with the exception of Grayscale. Notably, Grayscale's outflows are reducing in size. Impressively, the total overall flow for yesterday turned positive.

This trend indicates increasing confidence and interest in ETH ETFs among investors. Keep an eye on this space for further updates.

I like the 1H reaction on #ETH🔥🔥🔥🔥 after taking out the liquidity zone at $3240. If we hold this low on a closing basis, $3500 🚀 is next IMO. If not, the recent low at the $3100 area is the target.

The CVD divergence on ETH is still present. 📉 When zooming out, you can see that since the ETF launch, spot has diverged from futures. Don't get tricked on the mid- to longer-term timeframe. 🕒 Remember, ETF flows take time to digest and fully impact the market! 📊

🚨 I track OI (open interest) very closely to see what the market is doing and to anticipate on it. Right now, it touched and went even above my line of resistance. That line marked each previous time a pending squeeze was happening in the upcoming days. So get ready! 💥📈

#bitcoin☀️ #Openinterest

📊 Check out the ETH CVD divergence! The three upper lines (🟣⚪️🔵) represent spot exchanges, while the three lower lines (🟡🟤🟠) represent futures.

When CVD goes up, it indicates buy aggressors are dominating (market buying). Conversely, when CVD goes down, it shows sell aggressors are in control (market selling). Right now, spot shows net buying pressure, while futures indicate the opposite.

One has to come to the other eventually. Stay tuned! 🔍📈 #ETH

🚨 We've just observed a massive spike in Open Interest (OI). This increase indicates a surge in new positions being opened, which could lead to significant volatility

Key Points:
📈 Open Interest Surge: OI has skyrocketed, showing a sudden influx of new capital and trading positions.
⚠️ Potential Volatility: Such a dramatic increase can often precede market swings. Be prepared for possible sharp price movements.
📊 Market Impact: This surge in OI could impact liquidity, pricing, and market sentiment across various asset classes.