If #Spell rebounds from the $0.000255 double bottom, we coul | Pelin Ay on Binance Square

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If #Spell rebounds from the $0.000255 double bottom, we could have a good long opportunity in the futures. $SPELL 

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Ethereum is the Most Transferred Coin from Miners to Binance Last year, #Ethereum was by far the leader in transfers from miners to exchanges. Throughout the chart, transfers reached levels of over 100M USD. It appears that miners are providing liquidity through $ETH . Miners seem to have played a significant role in Ethereum's lack of a bull run and the premature end of the altcoin rally. $USDT and then USDC follow Ethereum in miner transfers. Miners have made regular and significant transfers, and it seems they prefer to remain in cash after sales. This leads to reduced market volatility. WBTC follows USDT and USDC exchange transfers. Although small in number, it is strategically important because miners solve BTC not directly, but in tokenized form. This results in limited upward movements for the BTC price. The altcoin most transferred from miners to exchanges is $LINK It stands out significantly compared to other altcoins. Looking at the price movement, it's clear this transfer is for liquidation purposes. Miners are minimizing their risks while increasing their cash position. It's clear they are not in long-term holding mode. A strong bull trend is not expected at times like these. Rises are short-lived and encounter selling pressure. This type of structure is frequently seen during bear seasons.

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Ethereum, unlike Bitcoin, is in a more positive position. Although the downtrend hasn't been broken yet, there is a recovery. A rise to $3324 is normal. This rise doesn't necessarily mean it's bullish. A close above this level is necessary to break the downtrend. $ETH

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Bitcoin closed negatively again on Monday. I think the decline will continue before the formation is complete. From this chart, it seems that if this close isn't a trap, we won't see the $100K level for quite some time. Going above $90K now seems difficult. First $81,500, then $72,000. If that's the bottom, great. If not, we'll see a bearish bottom of $50K, then the bull market will continue. Since the breakout, I've been warning you that my #Bitcoin peak target hasn't been reached and that it entered the bear market early. I hope you haven't suffered significant losses. Those who say there was no bull market unfortunately ended up with #altcoins that didn't experience a bull market. I also bought coins that didn't experience a bull market, but some were different, like $Sei, $Ton, etc. Bitcoin experienced a bull market. Now, instead of examining altcoins as a whole, it's important to track them separately. I bought $BTC for $20K during the 2021 bull market. I sold it around $98K. I will now start buying #Bitcoin gradually, from $50K and below.

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Bitcoin Panic Selling Hasn't Started Yet The chart shows an upward trend in total inflow volume, but this increase alone doesn't generate an aggressive sell signal. In other words, BTC is coming into the market, but there isn't immediate pressure to sell. This suggests the effect on price will be controlled and spread over time. The most concentrated bands on the chart are generally 0.1 – 1 BTC and 1 – 10 BTC. This group usually consists of individual investors taking profits and investors transferring for short-term trading. These investors only create micro-selling pressure in the spot market. However, as long as liquidity remains strong, they don't produce a sharp dump. Although the price struggles to move upwards, it generally finds a bottom below ($89K). This structure on the chart pushes the price towards a downward, rather than upward, consolidation. The number of investors accumulating in the 10 – 100 BTC band is not yet dangerous. Investors in this range are in the transition zone between smart money and retail. The chart shows that this band produces frequent and irregular spikes. The lack of continuity prevents sustained selling pressure that would disrupt the trend. Therefore, the price experiences a fluctuating pullback instead of a sharp breakout. Investors holding 100, 1K, and 1K+ BTC are holding intermittently and without consistency. This indicates that whales are not yet in aggressive selling mode. It's unrealistic to expect a large, one-time sell-off of Bitcoin after the ETF approval, as institutional investors are now aiming to increase their Bitcoin reserves. Therefore, declines are gradual, or one investor sees a buying opportunity while another sells. This prevents the price from exhibiting a collapse even within a bear trend. Unless continuity increases in 1K+ BTC inflows, the horizontal downward price movement will continue until the bear season reaches its bottom price. $BTC

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Bitcoin dominance has entered an upward trend. It wouldn't be realistic to expect major increases for altcoins. There will certainly be divergent coins, but given the sheer number of projects in the market and the fact that money withdrawn from Bitcoin isn't flowing into altcoins as it used to, I don't expect a major altcoin bull run until the fourth quarter of 2026. $BTC

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