The pullback in the markets continues.

Due to the high correlation, the decline of the S&P 500 directly affects the crypto space and brings about a downturn.

We can say that the data specific to $BTC still maintains its positivity.

🔹Whale activity is in the positive zone (+4)

🔹Funding rates are at normal levels.

🔹ETF inflows have stopped, but there hasn't been a significant outflow yet.

🔸Spot CVD is decreasing.

Overall, the data is positive, and we can say it will continue to remain positive as long as the $112k support is maintained.

The main reason for the recent pullback has been the released macroeconomic data and the decline observed in the S&P 500.

Ethereum's futures trading volume is still about 2 times that of Bitcoin. Therefore, the market is currently more focused on Ethereum and altcoins.

On the Ethereum side, the $4,000-4,100 range is an important support level. As long as this range is maintained, I don't expect any significant problems.

Currently, both Bitcoin and Ethereum are trading very close to their support points. It seems likely that the price will have a reaction from the support points I mentioned.

Let's closely monitor the levels I mentioned, friends. As long as these levels are maintained, I don't think there is a major situation to be worried about.