Rebound

Finally...green candles, and supported by massive ETF inflows of $556M no less. The market seems to want to turn around, and appears to have fresh legs and a firm foundation to rebound off of.

G’day Folks,

This rally feels a bit different, and it might just have some legs to it, if we’re lucky.

Whilst I don’t want to get ahead of myself, and ignore that the spectre of chopsolidation remains a possibility, I would be lying if I said I was even a little bit bearish right now.

The way Bitcoin is currently trading gives me plenty of optimism that we’re working our way back to the upside.

This rally is also supported by a pretty massive $556M worth of inflows into the spot ETFs, which is on par with the initial inflows seen during the ETF run-up.

Live Chart

In today’s post, I will run through a suite of metrics which have helped me remain grounded over the last few weeks. Many of these data-points are also suggesting that this rally may well have the legs that we need to head meaningfully higher.

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📈 Reminder: you can find the charts from our articles on the Checkonchain Charting Website, and a guide in our Charts Tutorial Video.

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