DMR Kripto
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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.
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.
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Good morning☀️
After a volume-less and calm weekend, #Bitcoin and altcoins started the new week with a negative opening.
As U.S. futures opened high at night and began to pull back, the cryptocurrency side couldn't hold up due to the high correlation.
$BTC closed below the trend line that we have been following since around $75k. Losing this trend line was somewhat negative, but the upward trend has not been completely broken.
For the upward trend to be broken, the price needs to dip below the last low. Our last low support is $112k. Therefore, we can say that as long as the price does not fall below this level, the upward trend will continue.
From time to time, we see that the trend line is broken and the price regains the trend line after a while. This is actually because the price has not made a new low and the trend has not actually been broken.
To avoid such misconceptions, we always track the HH-HL structure while following the trend. In the current situation, I do not see any significant reason for a decline.
That is why, as I mentioned before, I believe the current outlook is positive as long as $112k is maintained, and I continue all transactions.
Since the correlation with the U.S. stock markets is very high, we can say that Bitcoin directly follows the U.S. stock markets. Therefore, we definitely need to closely monitor the U.S. stock markets to understand the direction. I have been constantly mentioning this lately, but I wanted to remind you once again.
There are many important data to be announced this week. It will be an active week, and I will be updating frequently, friends.
I wish everyone a great week and abundant profits.
After a volume-less and calm weekend, #Bitcoin and altcoins started the new week with a negative opening.
As U.S. futures opened high at night and began to pull back, the cryptocurrency side couldn't hold up due to the high correlation.
$BTC closed below the trend line that we have been following since around $75k. Losing this trend line was somewhat negative, but the upward trend has not been completely broken.
For the upward trend to be broken, the price needs to dip below the last low. Our last low support is $112k. Therefore, we can say that as long as the price does not fall below this level, the upward trend will continue.
From time to time, we see that the trend line is broken and the price regains the trend line after a while. This is actually because the price has not made a new low and the trend has not actually been broken.
To avoid such misconceptions, we always track the HH-HL structure while following the trend. In the current situation, I do not see any significant reason for a decline.
That is why, as I mentioned before, I believe the current outlook is positive as long as $112k is maintained, and I continue all transactions.
Since the correlation with the U.S. stock markets is very high, we can say that Bitcoin directly follows the U.S. stock markets. Therefore, we definitely need to closely monitor the U.S. stock markets to understand the direction. I have been constantly mentioning this lately, but I wanted to remind you once again.
There are many important data to be announced this week. It will be an active week, and I will be updating frequently, friends.
I wish everyone a great week and abundant profits.
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Good morning☀️
$ETH has quickly risen past $4,600 and is only 5% away from its all-time high (ATH).
I had already mentioned that the breakout of $3,000 is positive in many ways and could lead to a significant rise afterwards.
After this breakout, the price quickly moved towards the ATH level, and it seems very likely that we will see a new ATH in the coming days.
As of now, Bitcoin is 72% above its ATH level. This indicates that Ethereum is still at the beginning of its journey and has at least as much, if not more, potential for a rise after breaking the ATH.
If the ATH breakout occurs, which seems highly likely in the coming days, we will sequentially target the levels of $5,800-$7,000 and $9,000.
I had explained that we would make purchases after the $3,000 breakout, and that we had made purchases before the price rose post-breakout.
Those who purchased with us should currently have about a 50% profit. A 50% profit in just 30 days is truly a great amount.
When you catch such strong trends, the most logical option is to wait patiently without moving too much until the strength of the trend weakens and to maintain positions.
As Bitcoin reaches the desired levels and its potential decreases, money began to flow into Ethereum.
Ethereum currently has high potential, but when it approaches the targets we mentioned and its potential decreases, money will quickly shift to altcoins.
If there are any changes in our plan or data, I will inform you instantaneously, friends. I wish everyone a beautiful day and abundant profits.
$ETH has quickly risen past $4,600 and is only 5% away from its all-time high (ATH).
I had already mentioned that the breakout of $3,000 is positive in many ways and could lead to a significant rise afterwards.
After this breakout, the price quickly moved towards the ATH level, and it seems very likely that we will see a new ATH in the coming days.
As of now, Bitcoin is 72% above its ATH level. This indicates that Ethereum is still at the beginning of its journey and has at least as much, if not more, potential for a rise after breaking the ATH.
If the ATH breakout occurs, which seems highly likely in the coming days, we will sequentially target the levels of $5,800-$7,000 and $9,000.
I had explained that we would make purchases after the $3,000 breakout, and that we had made purchases before the price rose post-breakout.
Those who purchased with us should currently have about a 50% profit. A 50% profit in just 30 days is truly a great amount.
When you catch such strong trends, the most logical option is to wait patiently without moving too much until the strength of the trend weakens and to maintain positions.
As Bitcoin reaches the desired levels and its potential decreases, money began to flow into Ethereum.
Ethereum currently has high potential, but when it approaches the targets we mentioned and its potential decreases, money will quickly shift to altcoins.
If there are any changes in our plan or data, I will inform you instantaneously, friends. I wish everyone a beautiful day and abundant profits.
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#Bitcoin is making a new attempt at trend resistance by reaching $116,500.
A close had occurred under the short-term upward trend, and subsequently, $112k liquidations had been cleared.
After the liquidations were cleared, the price started to rise, and at this moment, $BTC is making new attempts to regain the trend.
Despite the loss of trend, I mentioned in the last video that we are still continuing all trades and that we will keep doing so as long as $112k is held.
As long as $112k is maintained, the trend structure will continue to remain positive. The breakdown of the descending trend could provide a nice opportunity for new positions and new risks.
Let's closely follow the breakdown of the descending trend, friends ⏰
A close had occurred under the short-term upward trend, and subsequently, $112k liquidations had been cleared.
After the liquidations were cleared, the price started to rise, and at this moment, $BTC is making new attempts to regain the trend.
Despite the loss of trend, I mentioned in the last video that we are still continuing all trades and that we will keep doing so as long as $112k is held.
As long as $112k is maintained, the trend structure will continue to remain positive. The breakdown of the descending trend could provide a nice opportunity for new positions and new risks.
Let's closely follow the breakdown of the descending trend, friends ⏰
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Good morning☀️
#Bitcoin started a small reaction rise after clearing $112k liquidations and began the new week positively.
I had already mentioned that the liquidations at the $112k level are intense and that we could see a reaction from this level, friends.
While $BTC is in an upward trend, long liquidations are really working nicely. For this reason, tracking liquidations is extremely important.
Although the reaction received is nice, with the clearing of the $112k liquidations, the price has dipped below the upward trend.
Therefore, the danger is not yet over. This reaction rise could retest the trend and bring about a second correction.
For this risk to be eliminated, the price needs to make a voluminous close above $115k to rise back above the trend. After such a close, the market will become safer.
Let's closely follow this structure, friends. Also, at 1 AM, the moment the US futures indices began trading, BTC started to move in the same way as the US stock markets.
Due to the high correlation, we need to closely monitor the US stock markets during this process.
I will be providing updates frequently this week, friends. I wish everyone a great week and plenty of profits.
#Bitcoin started a small reaction rise after clearing $112k liquidations and began the new week positively.
I had already mentioned that the liquidations at the $112k level are intense and that we could see a reaction from this level, friends.
While $BTC is in an upward trend, long liquidations are really working nicely. For this reason, tracking liquidations is extremely important.
Although the reaction received is nice, with the clearing of the $112k liquidations, the price has dipped below the upward trend.
Therefore, the danger is not yet over. This reaction rise could retest the trend and bring about a second correction.
For this risk to be eliminated, the price needs to make a voluminous close above $115k to rise back above the trend. After such a close, the market will become safer.
Let's closely follow this structure, friends. Also, at 1 AM, the moment the US futures indices began trading, BTC started to move in the same way as the US stock markets.
Due to the high correlation, we need to closely monitor the US stock markets during this process.
I will be providing updates frequently this week, friends. I wish everyone a great week and plenty of profits.
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#Bitcoin has fallen to a quite critical level.
For a long time, there were significant $BTC long liquidations in the $115-112k range.
With the drop, 80% of these liquidations have been cleared, and if a wick is formed around $112k, all of them will be cleared.
A lower liquidation tier appears to be in the $108-105k range, but since we are in an uptrend, we expect the price to react to the long liquidations.
If we cannot get a reaction from around $112k despite the clearing of long liquidations, this could indicate that the trend is weakening.
Therefore, it is important to maintain the $112k support and to see a reaction rise with the clearing of liquidations in this area.
This level is also the support point of the short-term uptrend. Therefore, maintaining this level holds extra significance.
Let's closely monitor the $112k support, friends⏰
For a long time, there were significant $BTC long liquidations in the $115-112k range.
With the drop, 80% of these liquidations have been cleared, and if a wick is formed around $112k, all of them will be cleared.
A lower liquidation tier appears to be in the $108-105k range, but since we are in an uptrend, we expect the price to react to the long liquidations.
If we cannot get a reaction from around $112k despite the clearing of long liquidations, this could indicate that the trend is weakening.
Therefore, it is important to maintain the $112k support and to see a reaction rise with the clearing of liquidations in this area.
This level is also the support point of the short-term uptrend. Therefore, maintaining this level holds extra significance.
Let's closely monitor the $112k support, friends⏰
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A general correction is occurring in the markets following the tariffs announced by Trump and the recent labor market data.
Recently, I have been emphasizing that the correlation between S&P 500 and $BTC has been very high.
Since the crypto market follows the US stock markets, the metrics specific to crypto do not hold much significance at this point, and the crypto market moves in accordance with how the S&P 500 behaves.
As I mentioned before, as long as the $112-110k range is maintained on the $BTC side and the $3,500 support is held on the $ETH side, the current outlook will remain positive.
These days, closely monitoring the S&P 500 moment by moment is very important. Due to the high correlation, prices are moving in exactly the same way.
It will be sufficient to closely monitor only the supports I mentioned and the S&P 500. All other data can be misleading during this process.
I believe that this drop is short-term and that the main upward trend will continue, friends.
Recently, I have been emphasizing that the correlation between S&P 500 and $BTC has been very high.
Since the crypto market follows the US stock markets, the metrics specific to crypto do not hold much significance at this point, and the crypto market moves in accordance with how the S&P 500 behaves.
As I mentioned before, as long as the $112-110k range is maintained on the $BTC side and the $3,500 support is held on the $ETH side, the current outlook will remain positive.
These days, closely monitoring the S&P 500 moment by moment is very important. Due to the high correlation, prices are moving in exactly the same way.
It will be sufficient to closely monitor only the supports I mentioned and the S&P 500. All other data can be misleading during this process.
I believe that this drop is short-term and that the main upward trend will continue, friends.
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Good morning☀️
The drop following Powell's statements has been recovered, and both $BTC and $ETH have reached their previous levels again.
Yesterday, I mentioned that even at the peak of the drop, the technical data remained positive and we continued all transactions.
After the temporary effect of the hawkish statements wore off, the market began to rise again. Currently, the technical data is still extremely positive.
The S&P 500 continues to move in correlation with the crypto market. The overall picture indicates that the rise will continue.
As I did last night, I will provide real-time updates during important moments, friends.
I wish everyone a beautiful day and plenty of profits.
The drop following Powell's statements has been recovered, and both $BTC and $ETH have reached their previous levels again.
Yesterday, I mentioned that even at the peak of the drop, the technical data remained positive and we continued all transactions.
After the temporary effect of the hawkish statements wore off, the market began to rise again. Currently, the technical data is still extremely positive.
The S&P 500 continues to move in correlation with the crypto market. The overall picture indicates that the rise will continue.
As I did last night, I will provide real-time updates during important moments, friends.
I wish everyone a beautiful day and plenty of profits.
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Following Powell's hawkish statements, the markets experienced a slight pullback.
I mentioned this morning that we need to closely monitor the S&P 500. As of now, $BTC is moving in tandem with the U.S. stock markets.
Therefore, at this point, just tracking the S&P 500 is enough to understand the direction. As Powell began speaking at 21:30, the S&P started to decline, which led the crypto side to struggle as well.
On the crypto side, the technical data still looks extremely positive, and the trend structure appears to be quite strong. For this reason, I don't think there's a situation that requires closing positions.
On the BTC side, we are still continuing the trades we opened with the breakout at 80k, and on the ETH side, at 3k. As long as BTC maintains the 112k and ETH 3,500 support levels, we will continue these trades.
I believe that once we shake off the temporary effects of the hawkish statements and the S&P 500 starts to rise again, the crypto side will also race towards new ATHs.
In this process, let's closely monitor the S&P 500 and Nasdaq, friends ⏰
I mentioned this morning that we need to closely monitor the S&P 500. As of now, $BTC is moving in tandem with the U.S. stock markets.
Therefore, at this point, just tracking the S&P 500 is enough to understand the direction. As Powell began speaking at 21:30, the S&P started to decline, which led the crypto side to struggle as well.
On the crypto side, the technical data still looks extremely positive, and the trend structure appears to be quite strong. For this reason, I don't think there's a situation that requires closing positions.
On the BTC side, we are still continuing the trades we opened with the breakout at 80k, and on the ETH side, at 3k. As long as BTC maintains the 112k and ETH 3,500 support levels, we will continue these trades.
I believe that once we shake off the temporary effects of the hawkish statements and the S&P 500 starts to rise again, the crypto side will also race towards new ATHs.
In this process, let's closely monitor the S&P 500 and Nasdaq, friends ⏰
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The FED kept the interest rates unchanged.
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Good morning☀️
Today is a critically important day for the markets. Both GDP data for Europe and the US will be announced today, along with the FED's interest rate decision in the evening.
The correlation between $BTC and the S&P 500 remains extremely high. The cryptocurrency market is progressing in a very similar manner to the US stock markets.
Therefore, as long as the correlation remains high, we need to monitor all significant data that could impact the US stock markets and act according to the S&P 500's reaction.
The FED is likely to keep the interest rate unchanged with a 99% probability. Therefore, what is most important for us will be the announcements from Powell at 21:30.
Due to the high correlation, don't forget to closely monitor the S&P 500 on such critical days, friends. I will keep you updated in real-time regarding the interest rate decision in the evening.
Wishing everyone a great day and plenty of profits.
Today is a critically important day for the markets. Both GDP data for Europe and the US will be announced today, along with the FED's interest rate decision in the evening.
The correlation between $BTC and the S&P 500 remains extremely high. The cryptocurrency market is progressing in a very similar manner to the US stock markets.
Therefore, as long as the correlation remains high, we need to monitor all significant data that could impact the US stock markets and act according to the S&P 500's reaction.
The FED is likely to keep the interest rate unchanged with a 99% probability. Therefore, what is most important for us will be the announcements from Powell at 21:30.
Due to the high correlation, don't forget to closely monitor the S&P 500 on such critical days, friends. I will keep you updated in real-time regarding the interest rate decision in the evening.
Wishing everyone a great day and plenty of profits.
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Good morning☀️
Although there are minor pullbacks in the overall market, demand is strong and buyers are active, allowing prices to quickly return to previous levels.
Both $BTC and $ETH technical data looks extremely positive.
🔹Whale activity is positive (+16)
🔹Long ratios are low
🔹ETF purchases are ongoing
🔹Short liquidations have been cleared
🔹Funding rates are at normal levels
🔹Coinbase has started buying
Overall, technical data appears positive. There are currently no signs of a weakening bullish trend. The trend structure continues to maintain its strength.
As long as there is no weakness in the trend structure and technical data, upward movements will continue. Therefore, there is no need to panic during downturns.
If there is any negative situation that would require us to sell, I will inform you immediately, friends. Wishing everyone a beautiful day and plentiful profits.
Although there are minor pullbacks in the overall market, demand is strong and buyers are active, allowing prices to quickly return to previous levels.
Both $BTC and $ETH technical data looks extremely positive.
🔹Whale activity is positive (+16)
🔹Long ratios are low
🔹ETF purchases are ongoing
🔹Short liquidations have been cleared
🔹Funding rates are at normal levels
🔹Coinbase has started buying
Overall, technical data appears positive. There are currently no signs of a weakening bullish trend. The trend structure continues to maintain its strength.
As long as there is no weakness in the trend structure and technical data, upward movements will continue. Therefore, there is no need to panic during downturns.
If there is any negative situation that would require us to sell, I will inform you immediately, friends. Wishing everyone a beautiful day and plentiful profits.
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The ETH/BTC parity is rising and #Ethereum continues to gain value against #Bitcoin.
This week, there was only a net inflow of $72 million on the $BTC side, while we saw a net inflow of $1 billion 850 million on the $ETH side.
Under normal circumstances, inflows into Ethereum were often less than one-tenth of Bitcoin's, but recently we are seeing incredible demand.
Even if there is equal demand, the fact that Ethereum's market value is low will still allow the ETH/BTC parity to rise, but this week there were 25 times more inflows.
This table looks really positive for ETH and altcoins. I previously mentioned that the $3k breakout is very important and could bring such demand, and I clearly shared that we made purchases after the breakout.
Currently, the data indicates that the uptrend should continue. Therefore, we will continue these transactions as long as possible without trading too much.
As long as ETH continues to rise, it will certainly make sense to hold altcoins in the portfolio. They are all rising at roughly the same rate anyway. Therefore, it doesn't really matter which altcoin you hold.
It would be more logical to hold reliable and high market cap altcoins. The return might be slightly lower compared to low market cap altcoins, but it will protect your portfolio equally during downturns.
If I see any data indicating that the trend is weakening and the uptrend will not continue, I will share it instantly, friends.
I wish everyone a nice weekend and abundant profits.
This week, there was only a net inflow of $72 million on the $BTC side, while we saw a net inflow of $1 billion 850 million on the $ETH side.
Under normal circumstances, inflows into Ethereum were often less than one-tenth of Bitcoin's, but recently we are seeing incredible demand.
Even if there is equal demand, the fact that Ethereum's market value is low will still allow the ETH/BTC parity to rise, but this week there were 25 times more inflows.
This table looks really positive for ETH and altcoins. I previously mentioned that the $3k breakout is very important and could bring such demand, and I clearly shared that we made purchases after the breakout.
Currently, the data indicates that the uptrend should continue. Therefore, we will continue these transactions as long as possible without trading too much.
As long as ETH continues to rise, it will certainly make sense to hold altcoins in the portfolio. They are all rising at roughly the same rate anyway. Therefore, it doesn't really matter which altcoin you hold.
It would be more logical to hold reliable and high market cap altcoins. The return might be slightly lower compared to low market cap altcoins, but it will protect your portfolio equally during downturns.
If I see any data indicating that the trend is weakening and the uptrend will not continue, I will share it instantly, friends.
I wish everyone a nice weekend and abundant profits.
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Good morning☀️
#Bitcoin is continuing its horizontal movement around $118,000.
Although there have been minor pullbacks regarding $ETH and altcoins, the main upward trend is still ongoing.
On the $BTC side, the data generally continues to remain positive;
🔹Whale activity is positive (+17)
🔹Long ratios are low
🔹Funding rates are at normal levels
🔹ETF purchases are ongoing
🔹Short liquidations have been reduced
Technical data still looks extremely positive. Although there are occasional minor pullbacks due to increasing long pressure, the trend structure and technical data remain extremely positive.
For altcoins, it will be sufficient for Ethereum to continue staying above $3k.
I will provide instant updates when there is significant data that would turn the trend structure negative, friends.
I wish everyone a great week and abundant profits.
#Bitcoin is continuing its horizontal movement around $118,000.
Although there have been minor pullbacks regarding $ETH and altcoins, the main upward trend is still ongoing.
On the $BTC side, the data generally continues to remain positive;
🔹Whale activity is positive (+17)
🔹Long ratios are low
🔹Funding rates are at normal levels
🔹ETF purchases are ongoing
🔹Short liquidations have been reduced
Technical data still looks extremely positive. Although there are occasional minor pullbacks due to increasing long pressure, the trend structure and technical data remain extremely positive.
For altcoins, it will be sufficient for Ethereum to continue staying above $3k.
I will provide instant updates when there is significant data that would turn the trend structure negative, friends.
I wish everyone a great week and abundant profits.
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#Ethereum's futures trading volume is nearly 3 times higher than #Bitcoin's despite it being the weekend.
During the last two trading days of the week, the $ETH spot ETF inflows were also higher than $BTC.
I had explained in detail how the breakout of $3K would be extremely positive in many aspects. After this breakout, we saw an incredible increase in demand.
Currently, it sees higher demand than for Bitcoin, and since its market cap is much lower compared to Bitcoin, the rise continues rapidly.
When you catch a strong trend like this, be sure to stay in as long as possible and avoid trading against the trend.
Even the biggest resistances can be easily broken. Therefore, the most logical option would be to follow the trend until you see a weakness in the trend's strength or technical data.
If there is any weakening in the technical data or trend structure, I will inform you instantly, friends.
I wish everyone a nice weekend and plenty of profits.
During the last two trading days of the week, the $ETH spot ETF inflows were also higher than $BTC.
I had explained in detail how the breakout of $3K would be extremely positive in many aspects. After this breakout, we saw an incredible increase in demand.
Currently, it sees higher demand than for Bitcoin, and since its market cap is much lower compared to Bitcoin, the rise continues rapidly.
When you catch a strong trend like this, be sure to stay in as long as possible and avoid trading against the trend.
Even the biggest resistances can be easily broken. Therefore, the most logical option would be to follow the trend until you see a weakness in the trend's strength or technical data.
If there is any weakening in the technical data or trend structure, I will inform you instantly, friends.
I wish everyone a nice weekend and plenty of profits.
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#Ethereum broke the 3k resistance and quickly rose to $3,600.
With the rise, we see that demand has increased significantly, and as demand increased, the price rose even more.
Recently, $ETH ETF purchases were almost competing with $BTC purchases. Yesterday, we saw a higher net inflow into the ETH ETF.
Meanwhile, open interest is rising rapidly, and technical indicators look quite positive. I clearly shared that we would buy with a daily close above $3k and that we made purchases after the close.
After the close, the price rose 15% in just 2 days. There will inevitably be corrections from time to time, but I believe that Ethereum could make another ATH attempt in the medium term, friends.
With the rise, we see that demand has increased significantly, and as demand increased, the price rose even more.
Recently, $ETH ETF purchases were almost competing with $BTC purchases. Yesterday, we saw a higher net inflow into the ETH ETF.
Meanwhile, open interest is rising rapidly, and technical indicators look quite positive. I clearly shared that we would buy with a daily close above $3k and that we made purchases after the close.
After the close, the price rose 15% in just 2 days. There will inevitably be corrections from time to time, but I believe that Ethereum could make another ATH attempt in the medium term, friends.
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Good morning☀️
Rallies across the market are continuing rapidly.
Yesterday, there was a net inflow of $799 million into the $BTC ETF and $726 million into the $ETH ETF.
In recent months, the inflows for #Ethereum were not even a tenth of those for #Bitcoin, but in recent days we are seeing nearly the same amounts of inflows.
The market value of Ethereum is not even one-fifth of Bitcoin's. Therefore, equal amounts of inflows lead to an increase in the ETH/BTC pair, meaning Ethereum is rising more.
This situation is extremely positive for ETH and altcoins. Technical data continues to maintain its positivity on both the Bitcoin and Ethereum sides, friends.
If anything changes, I will inform you immediately. Wishing everyone a beautiful day and abundant profits.
Rallies across the market are continuing rapidly.
Yesterday, there was a net inflow of $799 million into the $BTC ETF and $726 million into the $ETH ETF.
In recent months, the inflows for #Ethereum were not even a tenth of those for #Bitcoin, but in recent days we are seeing nearly the same amounts of inflows.
The market value of Ethereum is not even one-fifth of Bitcoin's. Therefore, equal amounts of inflows lead to an increase in the ETH/BTC pair, meaning Ethereum is rising more.
This situation is extremely positive for ETH and altcoins. Technical data continues to maintain its positivity on both the Bitcoin and Ethereum sides, friends.
If anything changes, I will inform you immediately. Wishing everyone a beautiful day and abundant profits.
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#Ethereum and altcoins continue to rise rapidly.
With the ETH/BTC pair breaking its downtrend, both $ETH and the altcoin market took a sigh of relief.
As you can see in the chart, there has been a 5-fold increase in open interest on the CME (Chicago Mercantile Exchange) over the last three months.
This data indicates that institutional investors in the U.S. are building long positions on ETH. Since prices have risen along with the increase in open interest, we can understand that these transactions are bullish long positions.
I have shared this data and chart with you many times before and explained that it could lead to such a rise.
Currently, the technical data remains quite positive and supports the continuation of the upward trend.
As long as ETH stays above $3k, the current outlook will remain positive, and as this support is maintained, I believe that in the coming months, altcoin investors will also have reasons to smile.
During this process, the key will be to continue with the same discipline without compromising risk management. I think those who can maintain the same risk management without increasing risk along with the rise will achieve good returns in the coming months, friends.
With the ETH/BTC pair breaking its downtrend, both $ETH and the altcoin market took a sigh of relief.
As you can see in the chart, there has been a 5-fold increase in open interest on the CME (Chicago Mercantile Exchange) over the last three months.
This data indicates that institutional investors in the U.S. are building long positions on ETH. Since prices have risen along with the increase in open interest, we can understand that these transactions are bullish long positions.
I have shared this data and chart with you many times before and explained that it could lead to such a rise.
Currently, the technical data remains quite positive and supports the continuation of the upward trend.
As long as ETH stays above $3k, the current outlook will remain positive, and as this support is maintained, I believe that in the coming months, altcoin investors will also have reasons to smile.
During this process, the key will be to continue with the same discipline without compromising risk management. I think those who can maintain the same risk management without increasing risk along with the rise will achieve good returns in the coming months, friends.
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Good morning☀️
#Bitcoin has surpassed $120,000 and continues to rise rapidly.
Over the past week, there were net inflows of over one billion dollars into ETFs in just two days. It's quite nice that ETF purchases are continuing at full speed even while $BTC is at ATH levels.
It would be great if inflows continue in the same way this week. Looking at other data;
🔹Whale activity is positive (+33)
🔹Long ratios are low
🔹Funding rates are at normal levels
🔹ETF purchases continue
🔹Short liquidations have been cleared
🔹Coinbase has started spot purchases
Technical data still looks extremely positive. We have already explained that after the trend breakout around 80k, we made purchases, the data is positive, and we always have an upward expectation.
After the trend breakout, even Bitcoin spot offered over 40% profit. We had already mentioned months ago that the target price was in the range of $130-150k. We are still tracking this range as a target.
ETH and altcoins will become much better after a volume daily close above $3k. After such a close, we will increase our intensity in altcoins and there will be plenty of altcoin analysis coming, friends.
I wish everyone a wonderful week and abundant profits.
#Bitcoin has surpassed $120,000 and continues to rise rapidly.
Over the past week, there were net inflows of over one billion dollars into ETFs in just two days. It's quite nice that ETF purchases are continuing at full speed even while $BTC is at ATH levels.
It would be great if inflows continue in the same way this week. Looking at other data;
🔹Whale activity is positive (+33)
🔹Long ratios are low
🔹Funding rates are at normal levels
🔹ETF purchases continue
🔹Short liquidations have been cleared
🔹Coinbase has started spot purchases
Technical data still looks extremely positive. We have already explained that after the trend breakout around 80k, we made purchases, the data is positive, and we always have an upward expectation.
After the trend breakout, even Bitcoin spot offered over 40% profit. We had already mentioned months ago that the target price was in the range of $130-150k. We are still tracking this range as a target.
ETH and altcoins will become much better after a volume daily close above $3k. After such a close, we will increase our intensity in altcoins and there will be plenty of altcoin analysis coming, friends.
I wish everyone a wonderful week and abundant profits.
See original
Good morning☀️
$BTC has surpassed the $112k resistance and continues to rise rapidly.
$ETH and altcoins are also nicely keeping up with the rise, and we are seeing beautiful increases in the overall market.
Recently, technical data had already indicated that such a rise could come, and we shared this situation with you in all analyses. I hope the analyses have been helpful and that you have been able to benefit from the rise.
Currently, technical data continues to maintain its positivity. Yesterday, there were record inflows into ETFs.
There was a net inflow of 1.18 billion dollars into Bitcoin and 381 million dollars into Ethereum. Despite the price being at ATH levels, the inflows being this high and the breakout occurring with volume is quite nice.
As long as Bitcoin stays above $112k, the current outlook will remain positive, friends.
I wish everyone a beautiful day and plenty of profits.
$BTC has surpassed the $112k resistance and continues to rise rapidly.
$ETH and altcoins are also nicely keeping up with the rise, and we are seeing beautiful increases in the overall market.
Recently, technical data had already indicated that such a rise could come, and we shared this situation with you in all analyses. I hope the analyses have been helpful and that you have been able to benefit from the rise.
Currently, technical data continues to maintain its positivity. Yesterday, there were record inflows into ETFs.
There was a net inflow of 1.18 billion dollars into Bitcoin and 381 million dollars into Ethereum. Despite the price being at ATH levels, the inflows being this high and the breakout occurring with volume is quite nice.
As long as Bitcoin stays above $112k, the current outlook will remain positive, friends.
I wish everyone a beautiful day and plenty of profits.
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