The Bitcoin’s (BTC) daily chart has registered a weak three -blind mouse pattern over the last three days, extinguishing the value of BTC from $ 110,000 to $ 90,000.
Bitcoin 1 day chart. Source: COINTELEGRAPH/TradingView
In the last 24 hours, Bitcoin has tested the difference in fair value, but BTC struggled to set optimistic momentum at a low range of $ 82,000.
SPOT BITCOIN ETFs blooded $ 3.4 billion in February.
Bitcoin hit a significant 12.48%hit between February 24 and February 27, accompanied by a wide range of SPOT BTC ETF leaks. According to SOSOVALUE’s data, the Collective SPOT ETFS market pointed out that this week, BTC’s largest ETF leaks on February 25 are $ 11.3 billion from the beginning, and have registered $ 2.4 billion this week.
Spot Bitcoin ETF flows in February. Source: sosovalue
Overall, the SPOT BTC ETF market has seen a $ 3.4 billion leak in February.
During this week’s revision, the demand for BTC ETFs has decreased, and the encryption analyst ADAM has proposed past data points to the price reversal whenever a large ETF inflow or leak occurs.
Spot Bitcoin ETF Inflow/Leaks is a station correlation with the price. Source: x.com
ADAM pointed out that in 14 significant inflows or leaks, Bitcoin Price linked only once with the direction of the flow. This rare incident occurred after Trump’s victory, the price surge on November 7 and significant inflow was observed.
Adam said.
“In general, people see a big red number and start panic sales or vice versa.
Similarly, the merchants believed that if they relied on other joining factors, “some relief rally” should be on the corner. However, Zaheer, an anonymous market analyst, said that the current in -kind price and the current fall of ETFs are potentially due to the CME futures of less than 5%.
BTC CME less than 5%per year. Source: x.com
Analysts explained that most market participants are solving their positions when the risk ratio is cut off. The gradual reduction of the CME FUTURES disclosure emphasized low investor trust, which has been proven more by low futures insurance premiums.
Related: The main metrics show Bitcoin did not peak and had an optimistic harm.
Bitcoin Fear & Greed Index delivers investors
Cointelegraph has reported that Crypto Fear & Greed Index has reached the lowest level since 2022, expecting 10 points as “extreme fear.” According to Ben Simpson, the founder of the group shift, the current condition is a profitable movement because the simple strategy of purchasing in extreme fear and being sold to greed was a profitable movement.
AXEL ADLER JR. Bitcoin Fear and Greeding Index Source: X.com
However, AXEL Adler JR, a researcher at Onchain Market, pointed out that the 30 -day moving average of Bitcoin Fear & Greed Index has not yet dropped to less than the 50th percentile.
Adler explained that the 30dMA, which has less than the 50th percentile, has historically had a reversal and rising bitcoin price, but the current index is higher than this level. Adler is the best behavioral process to see how the market trends in the future.
Related: BLACKROCK BITCOIN FUND creates $ 420m that has lost its lost march. 7th day
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.