Coinbase as an entity holds a vast fraction of both aggregate exchange balances, as well the US Spot ETF balances via its custody service. The Coinbase Exchange and Coinbase Custody entities currently hold an estimated 270k and 569k BTC respectively.

Here's the Analysis of #UNI :

#UNI flipped below the a strong flip area of $9.00 - $9.15 and with the market dump we can expect more to go. Nothing much here, better wait for the price, flip above again with a daily candle close.

Extending the support on the left, #BTC exactly bounced from the support zone around $59,500 and strong reacting. There's still a lot of bearish momentum on the left or it might be just a pullback, so can't just anticipate a clean reversal.

#TOTAL MARKETCAP UPDATE :

#TOTAL MARKETCAP slides lower and drops hard after the resistance of strong resistance. Extending the lower support, index exactly bounced from the zone and moved. Nothing clean, just an anticipation for a reversal.

With Coinbase serving both ETF clients and conventional on-chain asset holders, the gravity of the exchange in the market pricing process has become significant. Evaluating the number of Whale Deposits to Coinbase exchange wallets, we can see a considerable increase in deposit transactions following the launch of the ETFs.

However, we note a significant portion of the deposits are associated with the outflows from the GBTC address cluster, which has been a long-standing supply overhead throughout the year.

Here's the Analysis of #FTM :

#FTM is been following up with the bear flag formation approaching the major resistance area of $$0.63 - $0.64. A Rejection or a breakout is needed to see before entering into the an setup. Market is retracing so rejection is high probable.

#BTC rejected from the support and nothing happened much. H4 is still in bearish plays but LTF made it bullish now. Price seems to be exhausted now, so a retest might come.

Notice of Removal of Spot Trading Pairs - 2024-06-28
https://www.binance.com/en/support/announcement/3d9bdfbcdd5c4bc5801fb67765c5a15d

#US30 UPDATE :

#US30 gave a breakout of the resistance and and did a successful retest and now ready to move up. Price also formed the resistance area, so it can rejected from there too. Take LTF conf. to getting into any side.

Looking at the CME Group futures market, open Interest has stabilized above $8B, after setting a new record high of $11.5B in March 2024. This may signal that an increasing number of traders from traditional markets are adopting a cash-and-carry-arbitrage strategy.

This arbitrage involves a market-neutral position, coupling the purchase of a long spot position, and the sale (short) of a position in a futures contract of the same underlying asset which is trading at a premium.

Here's the Analysis of #BLUR :

#BLUR make a sharp lower low irrespective of market bullish and bearish movement in the overall market. Price following the channel pattern, and no reference from the left. So its better to look away from the this into other coins.

#BTC didn't moved alot but LTF shifted to bearish again. Price might go for an another retest, back to support or form a double bottom for turning the price.

#FTM dropped 7-8% from the call with the channel resistance line back to support area. Now a strong candle close will will lead in further price dumps. So, don't rush, and a good case would be wait for the price to flip the major resistance at $0.65.

From this, we can identify when macro tides change in capital flows during the early stages of the bull and bear phases. The chart below presents how these two price models have provided market support during the 2023-24 bull.

Since mid-June, the spot price has plunged below the cost basis of both the 1w-1m holders 🟠($68.5k) and 1m-3m holders 🔴 ($66.4k). If this structure persists, it has historically resulted in a deterioration of investor confidence, and risks this correction being deeper and taking longer to recover from.