Since the briefly tumbles below $50,000 on August #Bitcoin consistently formed higher highs and higher lows. Higher highs and higher lows indicating an upward trend. Clearly, the longer the holding period, the better the result. https://www.tradingview.com/x/JbHTqR62/

Digital asset investment products saw inflows of $2.2bn last week, bringing year-to-date inflows to a record breaking $29.2bn.

Bitcoin saw inflows of $2.2bn while Ethereum saw $9.5m in inflows.

Since the briefly tumbles below $50,000 on August consistently formed higher highs and higher lows. Higher highs and higher lows indicating an upward trend. Clearly, the longer the holding period, the better the result.

A short-term, 30-day correlation between Bitcoin and the Nasdaq 100 Index of US technology stocks is around the highest since early 2023, suggesting that further gains in the equity gauge may be accompanied by a move higher in the crypto market leader.

Some coins are pumping with low liquidity which is not a good sign as always.

Highly recommended to you to stay sidelines until the significant trend is confirmed.

Bitcoin holdings of BTC investment vehicles has reached a new all-time high, surpassing 1.1m BTC.

May has seen solid net inflows of 32,690 BTC, offsetting the net outflows from April.

Digital asset investment products saw inflows for the third consecutive week totalling $1.05bn, with cumulative flows representing an all-time record of $14.9bn for the year so far.

According to 13F reporting, 937 professional firms were invested in U.S. spot Bitcoin ETFs as of March 31. In comparison, gold ETFs had 95 professional firms invested in their first quarter.

Retail owns a majority of the float. Professional investors held exposure of $11.06bn by the end of Q1, representing 18.7% of the BTC ETF AUM.

Something to say;

It's true that people can make big gain during bull rally, but not all can make and keep it in the end of the bull cycle. Recently the market has had many fluctuations. Each sessions that sweep 15 - 30% and if you don't know how to manage risk, you can lose a lot of money or get liquidated.

Do not bet against the trend and use the leverage carefully (if you do): Close it when you feel right, don't get too greedy. Stop-loss strategy (for leverage traders) is also necessary to avoid more losses when the trend goes against the trade, If not one day you'll be liquidated so don't hope for the greatest comeback.

Not all the tokens would go up, you might pick the wrong ones at the beginning and there are many scam projects across the board. Therefore, pick the tokens carefully with high potential and confirmed a bullish trend. Also enter at the right time is the most important.

Patience (for spot hodlers): Someone loss the trust in their bags and moving to increasing tokens which can cause to the big loss, new ones go down and your old ones go up. Patience is the key, don't let your emotion make you to be a FOMO-er.

Capital management and risk management also affect trading results. Study it!

Using NUPL, we can identify the classic Euphoria phase of a bull market where unrealized profits surpass more than half the market capitalization size (NUPL > 0.5).

In the 2020-21 cycle, this phase was triggered 8.5 months after the Bitcoin halving, and saw sustained upside for almost 10.5 months afterwards.

However, in this cycle, NUPL breached 0.5 approximately 6.5 months before the halving. This distinct shift highlights the significance of US ETF in shaping and accelerating price action by introducing powerful demand into the market.

Wait for alts to look better as volume is looking very weak I know is boring but that’s how the market is.

Stay tuned and ready for moves!

While the U.S. consistently accounts for the lion’s share of stablecoin purchases, global demand is increasing, with a diverse representation of nations and regions contributing to over $40 billion in purchases in March 2024 alone.

Among offshore markets Binance’s BTC market share currently stands at approximately 55%, down from over 80% a year ago.

Bybit saw the strongest increase in market share this year, growing from 2% to 9.3%. OKX’s market share also jumped to 7.3% from 3% a year ago.

Sorry for the lack of updates, I was sick these past few days, took rest and didn't have time to look at charts properly.

Back to work soon!