📊📉 #Altcoin Sell Pressure Just Hit a 5-Year Extreme
“Retail is out. #Smart money rotated. No institutional alt accumulation in sight. This is not a dip. It's 13 months of continuous net selling on CEX spot.” #crypto
💼 #Altcoin Sell Pressure Just Hit a 5-Year Extreme
“Retail is out. #Smart money rotated. No institutional alt accumulation in sight. This is not a dip. It's 13 months of continuous net selling on CEX spot.”
“Retail is out. #Smart money rotated. No institutional alt accumulation in sight. This is not a dip. It's 13 months of continuous net selling on CEX spot.”, By IT #Tech
🏆 According to SoSoValue, on February 17 (Eastern Time), #Bitcoin spot ETFs recorded a total net outflow of $105 million. Grayscale $BTC saw a net inflow of $35.97 million, ranking first. #Ethereum spot ETFs recorded a total net inflow of $48.63 million, with none of the nine ETFs experiencing net outflows. #crypto $ETH
💰 Dragonfly Capital has closed its fourth fund at $650 million, marking it as one of the largest venture capital raises in the #cryptocurrency industry recently. This achievement comes despite the prolonged downturn in the sector. #crypto
Wells Fargo says up to $150 BILLION in U.S. tax refunds could trigger a surge in retail buying. Analysts say this could revive “YOLO” market - a setup that has historically boosted $BTC and crypto. #crypto
#Bitcoin is consolidating within a descending channel and is currently #trading below the channel’s resistance trendline. The Ichimoku Cloud is acting as a resistance barrier above the channel. A decisive breakout above both the channel and the cloud could trigger a #bullish rally in the market. #crypto $BTC