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Pelin Ay

Yazar/Analist/Trader
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LTC has formed a bearish flag within a downtrend. Target: $32 $LTC
LTC has formed a bearish flag within a downtrend. Target: $32
$LTC
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If the Reaction Rise is Over, Let's Continue the Fall The structure that stands out in the chart is the irregular but sharp spikes. This means that transfers are not consistently high; however, there are significant jumps at certain moments. These sudden increases usually indicate short-term selling liquidity in the market. When miners send assets directly to exchanges, these assets are usually sent for trading, not for storage; therefore, market participants monitor this data as an early signal of potential selling supply. In the last section, transfer amounts are generally in a low range but progress with sharp jumps. This structure tells us two things: 1- There is no continuous selling pressure 2- However, periodic liquidity releases are occurring Miners transfer to exchanges from time to time to cover their costs or realize profits. The reason why transfers to large exchanges are particularly monitored is that these platforms are the selling points with the highest trading volume. Therefore, transfer spikes are considered important for understanding the short-term supply side of the market. In the current picture, there is no continuously rising transfer trend. This indicates that there is no systematic miner distribution. However, occasional high-volume transfers can create local selling walls during price upward attempts. This limits supply pressure as long as transfers remain low. However, sudden high transfers, as seen in the chart structure, can add extra selling liquidity to the market while the price is rising. This can cause rallies to progress more erratically and with more difficulty. In summary, the current state of the chart shows that there is no constant distribution pressure from miners, but that selling liquidity is released into the market from time to time. This pattern is usually seen in markets where the price progresses with reaction rallies and pullbacks rather than strong trends. Since we are seeing a reaction rallies, it is not difficult to guess what will happen next. $ETH
If the Reaction Rise is Over, Let's Continue the Fall
The structure that stands out in the chart is the irregular but sharp spikes. This means that transfers are not consistently high; however, there are significant jumps at certain moments. These sudden increases usually indicate short-term selling liquidity in the market. When miners send assets directly to exchanges, these assets are usually sent for trading, not for storage; therefore, market participants monitor this data as an early signal of potential selling supply.

In the last section, transfer amounts are generally in a low range but progress with sharp jumps. This structure tells us two things:

1- There is no continuous selling pressure
2- However, periodic liquidity releases are occurring

Miners transfer to exchanges from time to time to cover their costs or realize profits. The reason why transfers to large exchanges are particularly monitored is that these platforms are the selling points with the highest trading volume. Therefore, transfer spikes are considered important for understanding the short-term supply side of the market.

In the current picture, there is no continuously rising transfer trend. This indicates that there is no systematic miner distribution. However, occasional high-volume transfers can create local selling walls during price upward attempts. This limits supply pressure as long as transfers remain low. However, sudden high transfers, as seen in the chart structure, can add extra selling liquidity to the market while the price is rising. This can cause rallies to progress more erratically and with more difficulty.

In summary, the current state of the chart shows that there is no constant distribution pressure from miners, but that selling liquidity is released into the market from time to time. This pattern is usually seen in markets where the price progresses with reaction rallies and pullbacks rather than strong trends. Since we are seeing a reaction rallies, it is not difficult to guess what will happen next. $ETH
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The downtrend in Solana is nearing its end, which is an intermediate trend. The $100-$105 range acts as resistance. If it closes above $105 for three consecutive days, the downtrend will end. We suggest monitoring it. $SOL
The downtrend in Solana is nearing its end, which is an intermediate trend. The $100-$105 range acts as resistance. If it closes above $105 for three consecutive days, the downtrend will end. We suggest monitoring it. $SOL
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To interpret the sharp reserve increase in January and the price crash in February, we understand that the most critical break in the chart is here. While miner reserves increased strongly, we immediately saw the price #bitcoin sharply decline to the 70K range. This type of structure generally confirms an accumulation of supply ready for sale. In the current chart, #Bitcoin is showing weak consolidation around 71K, while miner reserves are still at high levels. This indicates that potential supply pressure has not been completely cleared. If reserve increase occurs with price weakness, the risk of selling continues. Although reserve increase seems to have stopped here, it is still quite high. Especially during these geopolitically risky times, a liquidity squeeze in the market could initially lead to a flight from risky assets, and then to strong demand for cash and the dollar. If the war continues, in the short term, institutional investors may switch to a monitoring mode, miners may increase their selling tendency for safe cash flow, and high reserve levels may put pressure on prices. In this case, liquidity tests below 70K would not be surprising. However, we know from past periods that in the medium to long term, if the war increases energy costs and mining costs, after a certain level, instead of selling, a supply restriction may be seen. This would increase risky assets in the medium term. Because small investors and whales can most easily transport their money through cryptocurrencies during international travel. In short, although the increase in reserves may cause a decline in the short term, this situation may turn positive in the medium to long term. $BTC
To interpret the sharp reserve increase in January and the price crash in February, we understand that the most critical break in the chart is here. While miner reserves increased strongly, we immediately saw the price #bitcoin sharply decline to the 70K range. This type of structure generally confirms an accumulation of supply ready for sale.

In the current chart, #Bitcoin is showing weak consolidation around 71K, while miner reserves are still at high levels. This indicates that potential supply pressure has not been completely cleared. If reserve increase occurs with price weakness, the risk of selling continues. Although reserve increase seems to have stopped here, it is still quite high.

Especially during these geopolitically risky times, a liquidity squeeze in the market could initially lead to a flight from risky assets, and then to strong demand for cash and the dollar. If the war continues, in the short term, institutional investors may switch to a monitoring mode, miners may increase their selling tendency for safe cash flow, and high reserve levels may put pressure on prices. In this case, liquidity tests below 70K would not be surprising.

However, we know from past periods that in the medium to long term, if the war increases energy costs and mining costs, after a certain level, instead of selling, a supply restriction may be seen. This would increase risky assets in the medium term. Because small investors and whales can most easily transport their money through cryptocurrencies during international travel. In short, although the increase in reserves may cause a decline in the short term, this situation may turn positive in the medium to long term. $BTC
Il grafico totale è molto parallelo al grafico #Bitcoin. Se la quantità di denaro in circolazione supera i 2,5 trilioni, potrebbe diventare interessante. Un ambiente di guerra avvantaggia sempre gli asset rischiosi. #Total
Il grafico totale è molto parallelo al grafico #Bitcoin. Se la quantità di denaro in circolazione supera i 2,5 trilioni, potrebbe diventare interessante. Un ambiente di guerra avvantaggia sempre gli asset rischiosi. #Total
Ethereum è in una zona di accumulo. Il prezzo è bloccato tra $2118 e $1764. C'è una battaglia tra acquirenti e venditori, e non c'è ancora un vincitore chiaro. $ETH è attualmente in un trend discendente e vicino alla resistenza di metà trend. Pertanto, considerando titoli come #bitcoin e #GOLD non penso che questa resistenza verrà rotta nel breve termine. $1350 si distingue come un potenziale livello di supporto.
Ethereum è in una zona di accumulo. Il prezzo è bloccato tra $2118 e $1764. C'è una battaglia tra acquirenti e venditori, e non c'è ancora un vincitore chiaro.

$ETH è attualmente in un trend discendente e vicino alla resistenza di metà trend. Pertanto, considerando titoli come #bitcoin e #GOLD non penso che questa resistenza verrà rotta nel breve termine. $1350 si distingue come un potenziale livello di supporto.
Bitcoin sta difendendo bene il livello di supporto di $64.800. Tuttavia, non possiamo ancora dire che la tendenza si sia invertita verso l'alto. Una chiusura sopra $81.500 è necessaria per un'inversione di tendenza. La resistenza di $72.750 è anche molto forte. Non è stata violata per giorni. La mia inclinazione è ancora ribassista, ma passerò a osservare se $72.750 viene rotto. $BTC
Bitcoin sta difendendo bene il livello di supporto di $64.800. Tuttavia, non possiamo ancora dire che la tendenza si sia invertita verso l'alto. Una chiusura sopra $81.500 è necessaria per un'inversione di tendenza.

La resistenza di $72.750 è anche molto forte. Non è stata violata per giorni. La mia inclinazione è ancora ribassista, ma passerò a osservare se $72.750 viene rotto. $BTC
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Ribassista
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XRP Binance Chart Consolidation Alert On a macro scale, XRP experienced a strong and high-volume upward breakout in the last quarter of 2024. Following this, the price tested above $3 with intense volatility. After this peak, the structure entered a period of significant weakening. The current price has fallen to around $1.3. A clear descending trend line has formed in the XRP price since the last peak, with falling troughs and peaks. The SMA(14), SMA(30), and SMA(50) are sloping downwards, and the price is below these averages. This combination technically confirms that the trend direction is still downward. While volume was strong and explosive during the initial upward movement, it decreased in the subsequent period. There were occasional sharp sell-off candles during the decline, but a sustainable recovery volume did not materialize. This indicates that the buying side is weak in the market, and the reaction movements are temporary. The $1.3 support level has worked before. The price is currently just above this area. The descending trend line on the upside is acting as dynamic resistance. So, the chart shows a downtrend at the top and is stuck at a horizontal support line at the bottom, waiting for a breakout to determine the direction. In summary: Medium term downtrend Negatively sloped averages Falling peak – falling trough structure Weakening momentum Considering all these factors, a downward breakout in price seems more likely. $XRP
XRP Binance Chart Consolidation Alert

On a macro scale, XRP experienced a strong and high-volume upward breakout in the last quarter of 2024. Following this, the price tested above $3 with intense volatility. After this peak, the structure entered a period of significant weakening. The current price has fallen to around $1.3.

A clear descending trend line has formed in the XRP price since the last peak, with falling troughs and peaks. The SMA(14), SMA(30), and SMA(50) are sloping downwards, and the price is below these averages. This combination technically confirms that the trend direction is still downward.

While volume was strong and explosive during the initial upward movement, it decreased in the subsequent period. There were occasional sharp sell-off candles during the decline, but a sustainable recovery volume did not materialize. This indicates that the buying side is weak in the market, and the reaction movements are temporary.

The $1.3 support level has worked before. The price is currently just above this area. The descending trend line on the upside is acting as dynamic resistance.

So, the chart shows a downtrend at the top and is stuck at a horizontal support line at the bottom, waiting for a breakout to determine the direction.

In summary:
Medium term downtrend
Negatively sloped averages
Falling peak – falling trough structure
Weakening momentum

Considering all these factors, a downward breakout in price seems more likely. $XRP
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Rialzista
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Gold is at an upward trend resistance level. If it breaks through this resistance this week due to war news, I think it could reach $6000. $XAU
Gold is at an upward trend resistance level. If it breaks through this resistance this week due to war news, I think it could reach $6000. $XAU
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A war environment always benefits #Gold and #Silver. I had already mentioned that the $70-74 range is a strong support level for silver per ounce. The news came later. Now we need to watch the $96 resistance level. If this resistance is broken, we could see very sharp increases. We will clarify this further after the opening of global stock markets tomorrow. $XAG
A war environment always benefits #Gold and #Silver. I had already mentioned that the $70-74 range is a strong support level for silver per ounce. The news came later. Now we need to watch the $96 resistance level. If this resistance is broken, we could see very sharp increases. We will clarify this further after the opening of global stock markets tomorrow. $XAG
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Short positions accumulated in Ethereum have been cleared. Now it's time for long positions!Funding has remained in positive territory for an extended period. This indicates that long positions are dominant in the derivatives market with longs paying shorts. In other words the market structure has been driven by an upward trend for a long time. However the price hasn't risen strongly during every positive funding period this shows that positive funding alone doesn't guarantee a price increase. The noteworthy point in the final section is that the funding rate has sharply turned negative forming deep red spikes. This indicates aggressive short loading. We also see that the price has been pressured downwards during the same period. In other words downward positioning has become dominant in the derivatives market. The importance of Binance data is critical here because the largest portion of global derivatives liquidity circulates on Binance. It also has the highest leverage volume. Liquidation chains generally start here and spread to other exchanges. Therefore Binance funding is not just exchange data it's a key reference point showing the market's risk appetite and leverage direction. Especially for high volume derivatives assets like Eth this ratio directly affects the short to medium term price momentum. The chart shows that funding is starting to turn green again. This means the short concentration is easing. Long positions are starting to pay fees again. The market is shifting from neutral to positive leverage balance. Funding turning green indicates that aggressive downward pressure is weakening in the short term. The continuous short pressure on the price decreases. This usually prepares the ground for the price to find equilibrium and generate an upward reaction. However funding turning green alone isn't a strong trend start. For a healthy uptrend funding needs to remain at a reasonable positive level. Excessively positive funding creates the risk of a renewed long squeeze. Funding turning long will likely lead to a rebound followed by a long squeeze. It's difficult to say the trend has turned upwards without breaking above the $2500 resistance level. $ETH

Short positions accumulated in Ethereum have been cleared. Now it's time for long positions!

Funding has remained in positive territory for an extended period. This indicates that long positions are dominant in the derivatives market with longs paying shorts. In other words the market structure has been driven by an upward trend for a long time. However the price hasn't risen strongly during every positive funding period this shows that positive funding alone doesn't guarantee a price increase.
The noteworthy point in the final section is that the funding rate has sharply turned negative forming deep red spikes. This indicates aggressive short loading. We also see that the price has been pressured downwards during the same period. In other words downward positioning has become dominant in the derivatives market. The importance of Binance data is critical here because the largest portion of global derivatives liquidity circulates on Binance. It also has the highest leverage volume. Liquidation chains generally start here and spread to other exchanges. Therefore Binance funding is not just exchange data it's a key reference point showing the market's risk appetite and leverage direction. Especially for high volume derivatives assets like Eth this ratio directly affects the short to medium term price momentum.
The chart shows that funding is starting to turn green again. This means the short concentration is easing. Long positions are starting to pay fees again. The market is shifting from neutral to positive leverage balance.
Funding turning green indicates that aggressive downward pressure is weakening in the short term. The continuous short pressure on the price decreases. This usually prepares the ground for the price to find equilibrium and generate an upward reaction. However funding turning green alone isn't a strong trend start. For a healthy uptrend funding needs to remain at a reasonable positive level. Excessively positive funding creates the risk of a renewed long squeeze.
Funding turning long will likely lead to a rebound followed by a long squeeze. It's difficult to say the trend has turned upwards without breaking above the $2500 resistance level. $ETH
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Bitcoin's Rise Is Just a Reaction The Fund Flow Ratio is at a low level (0.012). This ratio shows the ratio of the amount of BTC entering Binance to the total BTC on the exchange. A low ratio means that less BTC is entering the exchange. This weakens the immediate supply pressure ready for sale. Because Binance is the exchange with the largest liquidity, institutions generally send large amounts of Bitcoin to this exchange. Therefore, this fund flow ratio is quite important. The SMA(30) and SMA(50) appear to be sloping downwards. This indicates that the medium-term trend is still weak. Although the selling pressure has decreased structurally compared to previous months, the trend has not yet turned upwards. Despite the sharp price drop, the ratio has not spiked. Normally, in strong dumps, The Fund Flow Ratio spikes upwards (BTC flows into the exchange), This amplifies the selling pressure. Here, however, the price has fallen to 66K, but the ratio has not increased excessively. So, the decline is largely driven by derivatives/liquidation. On the spot market, there's more cautious selling rather than aggressive selling. This situation could slow the downward momentum and pave the way for a rebound. Especially if the ratio remains low, a strong short squeeze could form when the price reacts upwards. So, be prepared for a rebound. $BTC
Bitcoin's Rise Is Just a Reaction

The Fund Flow Ratio is at a low level (0.012). This ratio shows the ratio of the amount of BTC entering Binance to the total BTC on the exchange. A low ratio means that less BTC is entering the exchange. This weakens the immediate supply pressure ready for sale. Because Binance is the exchange with the largest liquidity, institutions generally send large amounts of Bitcoin to this exchange. Therefore, this fund flow ratio is quite important.

The SMA(30) and SMA(50) appear to be sloping downwards. This indicates that the medium-term trend is still weak. Although the selling pressure has decreased structurally compared to previous months, the trend has not yet turned upwards.

Despite the sharp price drop, the ratio has not spiked. Normally, in strong dumps,
The Fund Flow Ratio spikes upwards (BTC flows into the exchange),
This amplifies the selling pressure. Here, however, the price has fallen to 66K, but the ratio has not increased excessively. So, the decline is largely driven by derivatives/liquidation. On the spot market, there's more cautious selling rather than aggressive selling.

This situation could slow the downward momentum and pave the way for a rebound. Especially if the ratio remains low, a strong short squeeze could form when the price reacts upwards. So, be prepared for a rebound. $BTC
Ethereum continua la sua tendenza al ribasso. Livelli di supporto sequenziali: ▪️$1762 ▪️$1585-$1356 (Mi aspetto un rimbalzo da qui.) ▪️$912 (Questa potrebbe essere un'area di minimo. Non penso che il prezzo rimarrà sotto questo per molto tempo.) Siamo vicini ai livelli per acquisti spot scaglionati. $ETH
Ethereum continua la sua tendenza al ribasso. Livelli di supporto sequenziali:
▪️$1762
▪️$1585-$1356 (Mi aspetto un rimbalzo da qui.)
▪️$912 (Questa potrebbe essere un'area di minimo. Non penso che il prezzo rimarrà sotto questo per molto tempo.)
Siamo vicini ai livelli per acquisti spot scaglionati. $ETH
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Ribassista
Il Bitcoin continua la sua discesa. A mio avviso, continuerà a farlo. Livelli di Supporto Sequenziali: ▪️$57850 (Un rimbalzo può verificarsi da qui. Massimo a $75750) ▪️$51715 ▪️$41450 (Non penso che rimarrà sotto questo livello a lungo.) Il momento opportuno per acquisti spot a tappe si sta avvicinando. $BTC
Il Bitcoin continua la sua discesa. A mio avviso, continuerà a farlo. Livelli di Supporto Sequenziali:
▪️$57850 (Un rimbalzo può verificarsi da qui. Massimo a $75750)
▪️$51715
▪️$41450 (Non penso che rimarrà sotto questo livello a lungo.)
Il momento opportuno per acquisti spot a tappe si sta avvicinando. $BTC
La leva è crollata sul grafico. Il prezzo è ancora debole. Il rapporto di leva stimato è sceso drasticamente dopo un forte picco ed è attualmente intorno a 0,16. SMA(30) e SMA(50) stanno scendendo. Questo significa che il mercato non è più sovraposizionato. Gli investitori speculativi sono stati purgati. La pressione di liquidazione forzata è in gran parte terminata. Non ci sono né posizioni lunghe eccessive né posizioni corte eccessive. Il lato dei derivati è calmo. Questo potrebbe in qualche modo attenuare la pressione di vendita. La pendenza discendente del prezzo, parallela alla diminuzione della leva, riflette positivamente sul prezzo. Perché se la leva fosse alta, ci sarebbe il rischio di una nuova ondata di liquidazioni. Ma ora il terreno è chiaro. Un ambiente a bassa leva crea un ambiente ideale per i grandi operatori. Aprire posizioni quando la volatilità è bassa è più salutare. Se c'è una leggera domanda sul lato spot, anche un piccolo aumento di prezzo potrebbe innescare il ripristino della leva. Un forte calo non è previsto in questo scenario. Perché la pressione di vendita forzata è diminuita, ma non c'è ancora nuova domanda. Pertanto, XRP potrebbe stancare gli investitori con un calo orizzontale controllato. $XRP
La leva è crollata sul grafico. Il prezzo è ancora debole.

Il rapporto di leva stimato è sceso drasticamente dopo un forte picco ed è attualmente intorno a 0,16.
SMA(30) e SMA(50) stanno scendendo.
Questo significa che il mercato non è più sovraposizionato. Gli investitori speculativi sono stati purgati. La pressione di liquidazione forzata è in gran parte terminata. Non ci sono né posizioni lunghe eccessive né posizioni corte eccessive. Il lato dei derivati è calmo. Questo potrebbe in qualche modo attenuare la pressione di vendita.

La pendenza discendente del prezzo, parallela alla diminuzione della leva, riflette positivamente sul prezzo. Perché se la leva fosse alta, ci sarebbe il rischio di una nuova ondata di liquidazioni. Ma ora il terreno è chiaro.

Un ambiente a bassa leva crea un ambiente ideale per i grandi operatori.
Aprire posizioni quando la volatilità è bassa è più salutare. Se c'è una leggera domanda sul lato spot, anche un piccolo aumento di prezzo potrebbe innescare il ripristino della leva. Un forte calo non è previsto in questo scenario. Perché la pressione di vendita forzata è diminuita, ma non c'è ancora nuova domanda.
Pertanto, XRP potrebbe stancare gli investitori con un calo orizzontale controllato. $XRP
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FOGOFOGO is an emerging token gaining attention for its community-driven vision and innovative positioning within the Web3 ecosystem. Designed to combine utility with strong tokenomics, FOGO aims to create sustainable value rather than short-term hype. Its roadmap focuses on scalability, strategic partnerships, and ecosystem expansion, while encouraging active community participation. With growing interest from investors and builders, FOGO represents more than just a speculative asset it reflects a broader movement toward decentralized ownership and transparent growth models. As always, thorough research and risk management remain essential when exploring early stage crypto projects. #fogo $FOGO @fogo

FOGO

FOGO is an emerging token gaining attention for its community-driven vision and innovative positioning within the Web3 ecosystem. Designed to combine utility with strong tokenomics, FOGO aims to create sustainable value rather than short-term hype. Its roadmap focuses on scalability, strategic partnerships, and ecosystem expansion, while encouraging active community participation.
With growing interest from investors and builders, FOGO represents more than just a speculative asset it reflects a broader movement toward decentralized ownership and transparent growth models. As always, thorough research and risk management remain essential when exploring early stage crypto projects. #fogo $FOGO @fogo
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FOGO is an emerging token gaining attention for its community driven vision and innovative positioning within the Web3 ecosystem. Designed to combine utility with strong tokenomics, FOGO aims to create sustainable value rather than short-term hype. Its roadmap focuses on scalability, strategic partnerships, and ecosystem expansion, while encouraging active community participation. With growing interest from investors and builders, FOGO represents more than just a speculative asset it reflects a broader movement toward decentralized ownership and transparent growth models. As always, thorough research and risk management remain essential when exploring early stage crypto projects. #fogo $FOGO {spot}(FOGOUSDT)
FOGO is an emerging token gaining attention for its community driven vision and innovative positioning within the Web3 ecosystem. Designed to combine utility with strong tokenomics, FOGO aims to create sustainable value rather than short-term hype. Its roadmap focuses on scalability, strategic partnerships, and ecosystem expansion, while encouraging active community participation.
With growing interest from investors and builders, FOGO represents more than just a speculative asset it reflects a broader movement toward decentralized ownership and transparent growth models. As always, thorough research and risk management remain essential when exploring early stage crypto projects.
#fogo $FOGO
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Bitcoin Price Falls Below ETF Cost The Bitcoin price is currently significantly below the average cost of ETFs. This suggests that a significant portion of BTC ETF investors are at a loss. The MVRV (Mean Time Reduction) has fallen below 1. This level indicates that ETF investors are carrying unrealized losses. In this situation, selling pressure may continue. The drawdown has deepened, and the pullback from the ATH (All-Time High) continues downwards in both price and MVRV. In the short term, as long as MVRV remains below 1, psychological pressure will persist. Since ETF investors are incurring losses, the recovery may be weak. The realized price around 80K becomes a strong resistance zone. In the medium term, if MVRV stabilizes in the 0.8-0.9 band, this generally indicates that the sell-off is nearing saturation. The price may attempt a mean reversion towards the realized price. This possibility, however, could only bring a short-term rise. If MVRV continues to fall, the ETF-driven selling wave could create a second flush. In this situation, the pressure will continue until the gap between the realized price and the actual price closes. This is what I expect to happen in the long term. $BTC
Bitcoin Price Falls Below ETF Cost

The Bitcoin price is currently significantly below the average cost of ETFs. This suggests that a significant portion of BTC ETF investors are at a loss.

The MVRV (Mean Time Reduction) has fallen below 1. This level indicates that ETF investors are carrying unrealized losses. In this situation, selling pressure may continue.

The drawdown has deepened, and the pullback from the ATH (All-Time High) continues downwards in both price and MVRV.

In the short term, as long as MVRV remains below 1, psychological pressure will persist. Since ETF investors are incurring losses, the recovery may be weak. The realized price around 80K becomes a strong resistance zone.

In the medium term, if MVRV stabilizes in the 0.8-0.9 band, this generally indicates that the sell-off is nearing saturation. The price may attempt a mean reversion towards the realized price. This possibility, however, could only bring a short-term rise.

If MVRV continues to fall, the ETF-driven selling wave could create a second flush. In this situation, the pressure will continue until the gap between the realized price and the actual price closes. This is what I expect to happen in the long term. $BTC
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Ethereum Fails to Find Buyers During Bear Season The Exchange Supply Ratio (Binance) is significantly decreasing on the chart. This means the supply of ETH on Binance is decreasing. Normally, this would be interpreted as a decrease in selling pressure. However, the price decline during the same period shows us how weak the demand is. The decrease in ETH on the exchange alone is not bullish. If there is no new money entering the market, or even if existing demand is shrinking, the decreasing supply cannot push the price up. Liquidity is weak and buyers are not aggressive. There is no spot demand willing to push the price up. The price falling while supply is decreasing points to a lack of buyers rather than a decrease in coins ready to be sold. If the exchange supply ratio is falling but the price is going down, the selling pressure is most likely coming from Perpetual short positions and funding-related pressure. If there is aggressive shorting in the derivatives market, the price can be suppressed even if the spot supply decreases. The ETH that left the exchange may have gone to staking or changed hands in OTC agreements. So, the assumption that ETH will not be sold just because it was withdrawn is not correct. In the chart, SMA(50) and SMA(100) are sloping downwards. Even as the ratio falls, momentum cannot recover. This proves that positive data cannot carry the price when the trend is weak. First, the trend reverses, then supply metrics feed the price. If the demand side does not strengthen, low supply alone will not initiate an uptrend. However, if there is aggressive short accumulation, the probability of a sudden short squeeze increases. A falling supply ratio can accelerate the downward movement if it makes an upward attack. This chart shows that structurally there are no buyers for an upward movement in a bearish season. $ETH
Ethereum Fails to Find Buyers During Bear Season
The Exchange Supply Ratio (Binance) is significantly decreasing on the chart. This means the supply of ETH on Binance is decreasing. Normally, this would be interpreted as a decrease in selling pressure. However, the price decline during the same period shows us how weak the demand is.

The decrease in ETH on the exchange alone is not bullish. If there is no new money entering the market, or even if existing demand is shrinking, the decreasing supply cannot push the price up.
Liquidity is weak and buyers are not aggressive. There is no spot demand willing to push the price up.

The price falling while supply is decreasing points to a lack of buyers rather than a decrease in coins ready to be sold.

If the exchange supply ratio is falling but the price is going down, the selling pressure is most likely coming from Perpetual short positions and funding-related pressure. If there is aggressive shorting in the derivatives market, the price can be suppressed even if the spot supply decreases.

The ETH that left the exchange may have gone to staking or changed hands in OTC agreements. So, the assumption that ETH will not be sold just because it was withdrawn is not correct.

In the chart, SMA(50) and SMA(100) are sloping downwards. Even as the ratio falls, momentum cannot recover. This proves that positive data cannot carry the price when the trend is weak. First, the trend reverses, then supply metrics feed the price.

If the demand side does not strengthen, low supply alone will not initiate an uptrend. However, if there is aggressive short accumulation, the probability of a sudden short squeeze increases.

A falling supply ratio can accelerate the downward movement if it makes an upward attack.

This chart shows that structurally there are no buyers for an upward movement in a bearish season. $ETH
Il grafico TOTAL3 è chiaramente in una tendenza ribassista. Il modello di massimi e minimi inferiori continua dopo il picco di ottobre. C'è stata una rottura netta nella recente diminuzione. I livelli di Fibonacci 0.786 (circa 765B) e 0.886 (circa 716B) sono stati superati. Attualmente, il prezzo è intorno a 709B e si mantiene al di sotto di 0.886. Questo indica tecnicamente debolezza. Il grafico mostra un modello di bandiera ribassista disegnato in blu. Il fondo è circa 660B (1.0 Fibonacci). L'area di reazione è tra 0.886 e 0.786. Tuttavia, il volume è debole e il momentum non è forte. Questi tipi di modelli sono formazioni di consolidamento prima di una continuazione della diminuzione. 👉 716B (0.886) → Prima forte resistenza 👉 765B (0.786) → Se non rotto, la diminuzione continuerà 👉 848B (0.618) → Soglia critica per il ribaltamento della tendenza 👉 659B (1.0) → Supporto. Sotto questo c'è un'area di gap 👉 595B (1.13 fib) → 2° supporto 👉 524B (1.272) → Fondo estremo Il calo di #TOTAL3 mostra denaro che esce dalle altcoin. La liquidità si sta spostando verso le stablecoin. Mentre la dominanza di $BTC sta aumentando, le altcoin stanno subendo forti diminuzioni. Se 659B viene rotto, le coppie #Altcoin/#BTC collasseranno ancora più bruscamente. Il vero grande fondo di solito si forma in questo ambiente di panico. #StrategyBTCPurchase
Il grafico TOTAL3 è chiaramente in una tendenza ribassista. Il modello di massimi e minimi inferiori continua dopo il picco di ottobre. C'è stata una rottura netta nella recente diminuzione. I livelli di Fibonacci 0.786 (circa 765B) e 0.886 (circa 716B) sono stati superati. Attualmente, il prezzo è intorno a 709B e si mantiene al di sotto di 0.886. Questo indica tecnicamente debolezza.

Il grafico mostra un modello di bandiera ribassista disegnato in blu. Il fondo è circa 660B (1.0 Fibonacci). L'area di reazione è tra 0.886 e 0.786. Tuttavia, il volume è debole e il momentum non è forte. Questi tipi di modelli sono formazioni di consolidamento prima di una continuazione della diminuzione.

👉 716B (0.886) → Prima forte resistenza
👉 765B (0.786) → Se non rotto, la diminuzione continuerà
👉 848B (0.618) → Soglia critica per il ribaltamento della tendenza
👉 659B (1.0) → Supporto. Sotto questo c'è un'area di gap
👉 595B (1.13 fib) → 2° supporto
👉 524B (1.272) → Fondo estremo

Il calo di #TOTAL3 mostra denaro che esce dalle altcoin. La liquidità si sta spostando verso le stablecoin. Mentre la dominanza di $BTC sta aumentando, le altcoin stanno subendo forti diminuzioni. Se 659B viene rotto, le coppie #Altcoin/#BTC collasseranno ancora più bruscamente. Il vero grande fondo di solito si forma in questo ambiente di panico. #StrategyBTCPurchase
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