Weekly observations

BTC ETFs are traded for 8 days. Except for GBTC, the remaining 10 BTC ETFs all saw inflows. Most of the money flowing out of GBTC went into BTC ETFs with lower fees. But for the market, while the long-term bullish trend has not been disrupted, the selling news has brought a noticeable pullback. The Crypto Assets market has entered a pullback period.

The next important event was the arrival of BTCHalving, when the Fed began to change its monetary policy. The former will appear in April, and the latter, depending on the current Intrerest Rate market conditions, will appear as soon as March or May FOMC. Until then, the market will pay the price for the overpricing of BTC ETFs.

After the ETH/BTC Exchange Rate reaches equilibrium, the ETH loses momentum again. Last week, ETH performed worse than BTC, and the bulls could barely rebound. You seem to see a man walking to the edge of a cliff and jumping off. After Monday's decline, ETH returned to the range it started in December.

In terms of indicators, the purple wave area of the ME indicator has narrowed. While the bullish trend has been maintained, the bearish power has strengthened. The WTA indicator is the same as BTC. Whales have stopped making profits after the BTC ETF was approved, and the recent decline may be more due to retail investors.

To sum up, ETH is likely to continue to fall this week. But compared to BTC, ETH is already in the previous zone, so there is little room for further decline. (Redirected from TV-Sypool)