🚨🔴 They started to extract Bitcoin from derivative exchanges and send it to spot exchanges. ✍️ They make us feel themselves right away, even though we are smiling a little. The amount is not high enough to collapse the market for now, but it can pull it down slightly. So follow your high-risk LONG transactions with a close stop.
The last 4-hour close was exactly above support. Closing below $83,200 will bring us back down to $80,000 support. Protecting these areas is nice, but it is not enough on its own. News from here that the US-China have reached an agreement will bring us back above $90,000. Keep your eyes and ears on the news channels.
BlackRock recently purchased 4,126 #ETH worth a total of $6.4 million.
While retail investors are selling in panic, large institutions are quietly accumulating Ethereum.
This move is not just a buy-sell transaction; it is a long-term investment made with a strong belief that Ethereum and Web3 technology will become a cornerstone of global finance in the future.
With last night's daily close, we closed on the miner downtrend, but the major uptrend worked as resistance and we got RED from this area. With the close above $84,100, we can say that technically we saw the bottom in $BTC and returned.
Technically, if a daily close above $84,200 occurs, the minor downtrend will be broken and days later we will be back on the major uptrend. We are in a very important day.
With the inflation data announced today, the US has reduced inflation considerably. The best news that could come for the market in the last two days has been coming.
•A majority of officials saw the potential for persistent inflation due to a variety of factors.
•Fed officials expect higher inflation this year due to tariffs.
•All participants at the Fed's March 18-19 meeting saw it appropriate to keep interest rates steady given the increasing uncertainty about the economic outlook.
•A majority of participants noted the potential for inflationary effects from a variety of factors to be more persistent than anticipated.
•Nearly all participants see risks to inflation as upside and risks to employment as downside.
•Participants see the FOMC in a good position to expect more clarity on the outlook.
🟢 Bitcoin has started to flow slowly from spot exchanges to cold wallets. ✍️ $BTC exiting from spot is considered positive for the decrease in selling pressure. It is a good data with continuity, considering that we are technically at support, it seems quite possible for the rise to continue from here.
🟢 #Bitcoin Coinbase premium index reached 0 again.
✍️ When this data goes above zero, we understand that US investors are buying more $BTC compared to other countries in the world, and therefore the demand for Bitcoin in the US has increased. We have seen that US investors have moved away from $BTC in recent periods, it is very nice to see that the demand for BTC in the US is increasing again. If the US markets open positively at night, we will see good movements on the cryptocurrency side.
🚨The amount of #Bitcoin entering spot exchanges has started to increase again.
✍️ If the data continues, we will both lose our buttermilk and experience unpleasant events, there are no huge high entries for now but it needs to be followed.