In 2020, I did daily chart requests and would do so every day until #Bitcoin would hit an ATH. That's the conviction I had.

When starting it, the price of $BTC was ~$12K and was a +68% move away from all time highs.

It ended up taking just 106 days in the end. Fun times.

Yesterday’s ETF Flows came in at +$251.9M.

$IBIT saw net flows of $182.1M.
$FBTC saw net flows of $43.7M.
$GBTC saw net flows of 0M.

That's now the 10th streak of inflows. Of which 9 were $100M+.

Not a bad two trading weeks for the ETFs.

Same view here.

Because $ETH didn't move straight away people assume everything was priced in and/or the ETF isn't bullish for some reason.

ETH went to $3950 on the day of the approval and this was paired with a lot of uncertainty at the time. Logically speaking it wouldn't

$LDO 'Dead' coin but interesting level.

This thing usually follows ETH/BTC so is dependent on ETH going for some relief I'd say.

Good to keep in mind that the market cap has increased since the last first time it hit these levels in 2022. This is due to token unlocks since

#Bitcoin Spot Premium has already returned.

Price higher than at the start of the week and spot premium back so that's good to have.

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$SILVER Nice retest of this daily level.

Would be looking for a hold here to continue the move to $35 over the next couple of weeks/months.

Trade here: u.primexbt.com/DaanCrypto

#Bitcoin Still trading alongside the daily 100MA.

This has been offering good support on the way up this year and is a good level to keep an eye on for the future.

It's moving up by about $150 a day.

#Bitcoin Rejected from the major resistance level at $71-72K and came back to test the previous horizontal area.

Looks to be making a higher low at this previous resistance level.

Two sectors clearly winning since the $ETH ETF approval.

RWA coins led by $ONDO
Liquid Staking Derivatives (LSD) coins led by $LDO

Both $ETH & $BTC still have a slight perp premium. but have come down to be close to neutral.

We can also see this at the funding rates which are back to their baseline levels of 0.01%.

#Bitcoin Open Interest reset back to the start of the week after adding and erasing about ~$1.5B in positions.

Price also back where it started, complete reset through all the volatility.

Now is the time to look for winners in the watchlists.

Honestly more happy in the short term about the ETH ETF to not get rejected than it actually being approved, which is obviously good long term.

You don’t even want to know what the charts of your average altcoin would have looked like on a rejection. 💀

I love RWA,

Larry Fink loves RWA,

RWA loves Ethereum,

We have an Etherereum ETF.

$ONDO $OM $CPOOL

I think this could weigh down on $ETH in the short term after the ETFs launching yes.

I also think the market will look past it more easily seeing what happened with #Bitcoin afterwards with the massive inflows and price increase. Last time people genuinely thought it was over

Now the time starts where market participants will try to price in the $ETH ETF accordingly.

I think it’s good that it will likely take a while before the ETF actually goes live. Gives the market time to digest it all.

What price ETH goes prior to the ETFs launching will come

Déjà vu V2