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The big day has come for altcoins and Ethereum. The ETF decision is expected to be announced today around 23:00 Türkiye time.
1) Spot CVD
Whales have made serious spot purchases in the recent period and they still continue to make purchases. It is positive that the rise is supported by spot. On the forward side, it seems that they closed positions on a large scale due to the volatility and uncertainty that may occur.
2) Whale Activity
For a long time, whales stayed away from Ethereum, but with the approval probability increasing to 75%, whale activity turned positive and is currently around +15.
Whale activity above 10 is extremely positive and indicates that the current price movement is supported by whales.
Liquidation Map
With the recent rise, short liquidations have been cleared significantly
Currently, there is some short liquidation around $4,150, but it is not a very high amount. Long liquidations are concentrated at $3,300 and $3,000 levels.
We can say that the current data generally looks positive. It is extremely positive that the rise is supported by whale purchases on the spot side.
Now all we have to follow is the ETF decision. The probability of approval has increased a lot in recent days, but of course it is not as certain as the Bitcoin ETF. That's why it's good to be prepared for every possibility.
It would be logical to consider the possibility of a potential rejection and take precautions based on the volatility that may occur.