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Bitcoin Futures and Spot ETF Capitulate merchant while BTC is looking for a bottom

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Bitcoin’s (BTC) The daily chart has registered a three-blind mice pattern over the past three days, taking BTC value out of the long-term established range between $ 110,000 and $ 90,000.

Bitcoin price, market, price review, market review, bitcoin ETF — *Bitcoin 1-day chart. Source: Cointelegraph/TradingView*

Over the past 24 hours, Bitcoin has tried the fair amount of value, but the BTC has been struggling to promote the bullish momentum from a $ 82,000 low range.

Spot Bitcoin ETF bleeding $ 3.4 billion in February

Between Feb. Data from sosovalue Taught Out that the collective area of the ETFS collective area has registered a $ 2.4 billion on this week, along with the PEB’s recording.

In general, the area of BTC ETF Market Witnessed An flow of $ 3.4 billion in February.

The demand for the BTC ETF area has refused to correct this week, and Crypto analyst Adam has suggested data history points on price returns during the ETF or surplus.

Adam taught That in 14 instances of significant flow or flow, the price of Bitcoin is in line with the direction of those flows only once. This rare incident occurred on November 7, following Trump’s success, when a price of flow and large flow was followed.

Said Adam,

“Usually, people see a big red number and start a panic sale, or vice versa, ending the market shipping in the opposite direction.”

Also, the entrepreneur believes that depends on other fatigue factors, the “some rally” should be around. However, Zaheer, an unidentified market analyst, said that the current collapse of area prices and ETF net flows is potentially due to the basis of CME futures falling under 5%.

The analyst Explained that most market participants do not keep their positions once the rate of no risk rate is broken. The gradual collapse in CME futures open interest that highlights the investor’s low confidence, which is more proven by low premium futures.

Bitcoin Fear & Greed Index provides investor

Cointelegraph reported That the Crypto Fear & Greed index has reached its lowest level since 2022, which has been posting 10 in “intense fear.” According to Ben Simpson, the founder of the collective shift, the current conditions can show a purchase opportunity, as the simple approach of buying in the fear and sale of greed is a variety of useful steps.

However, Axel Adler Jr., a researcher in the Onchain market, pointed out that the 30-day transfer of the average bitcoin Fear & Greed Index has not yet decreased below the 50th percentage.

Adler Explained That 30DMA decreasing below the 50th percent has historically signed Bitcoin prices and upward trends, but the current index remains above this level. Adler suggested that the best course of action is to “wait” and see how market trends in the coming days.

This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.