🚨: BlackRock ETF wallets just recorded major inflows → 600 | Cas Abbé on Binance Square

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🚨: BlackRock ETF wallets just recorded major inflows
→ 600 $BTC ($88M)
→ 6,053 $ETH ($15.4M)
The accumulation game is getting louder

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

BTC

103,588.72

-3.90%

ETH

2,466.23

-6.54%

2.9k

0

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BTC and alts local bottom is not in. Funding rate is still positive, which means traders are expecting V-shape recovery. Also, Coinbase premium is trending down which shows less institutional accumulation. The current dump looks like a very controlled selling, and a reversal needs aggressive short positions here. I think we could see another retest of $100K-$102K level before reversal.

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Big Day Tomorrow 🚨 The FOMC rate decision drops, June 18 and markets are locked in with 97.5% odds of no rate cut this time But Powell’s words will set the tone for what’s next

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For all those people who are calling for WWIII, just tell me one thing. If we are on the verge of World War, why is the S&P 500 only down 2% from its ATH? Why is BTC still above $100,000? Why isn't Oil trading above $100? Why isn't Gold trading above $4K or $5K? A world war is 100x worse than a pandemic, and yet markets are just going sideways. This is an indication that there'll be peace talks and the war will be soon resolved. Don't listen to just headlines and make a conclusion. Always check the facts and data, otherwise you'll never make money in this market.

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$ETH is seeing a major surge in capital flowing in right now and this isn’t the time to lose conviction BULLISH

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USDT dominance keeps on making lower highs. Meanwhile, USDT MCap is hitting new highs and currently at $155B. What does that mean? New liquidity is entering the market and going into BTC and alts, rather than sitting on the sidelines. Also, more USDT are getting minted every week which shows the massive influx of liquidity. I think USDT dominance will hit around 3.3%-3.5% by Q3, which will result in a mini-Altseason.

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