The launch of Ethereum ETFs in August, following January's Bitcoin ETFs, marks a pivotal moment for cryptocurrency accessibility in US traditional markets. However, Bitcoin ETF flows have softened since August 2024, currently showing weekly outflows of $107 million. This trend suggests a changing dynamic in investor interest or market conditions for Bitcoin ETFs since their introduction.

Here's the Analysis of #CLV :

#CLV is been moving in a large consolidation and trading nearby the major support zone of $0.029 - $0.032. Its a 65%+ trading range, so you can take advantage of it with a confirmation and tighter stops.

#BTC still fails to see some sort of consolidation over the major support zone and we have #NFP news event today. Price is expected to drop lower towards the support zone and move up.

#ORDI getting it rejection from the wedge pattern resistance line and dropping. Price is expected to reach out the support from $24.17 - $25.68. More over, if price breaks the pattern then we can expect it to move higher towards the $48.00 resistance mark.

Demand for the more recent Ethereum ETFs has been relatively tepid, experiencing a net negative outflow. This is driven primarily by redemptions from the Grayscale ETHE product, which has not been counterbalanced by sufficient inflow demand across the other instruments.

On aggregate, the Ethereum ETFs have experienced a total outflow of $-13.1M. This highlights a disparity in the magnitude of demand between BTC and ETH, at least within the context of current market conditions.

What Is a State Channel?

A state channel is a scalability solution in blockchain technology that allows participants to conduct multiple off-chain transactions without needing to interact with the blockchain network for every transaction. The key idea behind state channels is to reduce the load on the blockchain by conducting a series of interactions off-chain and only settling the final result on-chain. This significantly improves transaction speed and reduces costs.

Here’s how it works:

1. Opening the channel: A state channel is established between two or more participants by locking a certain amount of cryptocurrency in a multi-signature contract on the blockchain. This serves as collateral for the off-chain transactions.

2. Off-chain interactions: Once the channel is open, the participants can perform multiple transactions off-chain. These transactions are recorded and agreed upon by the participants without being broadcast to the blockchain.

3. Closing the channel: When the participants are done transacting, they close the channel by submitting the final state of the channel (the final agreed balance) to the blockchain. The blockchain then updates the ledger based on this final state.

Key Benefits:
- Speed: Transactions are faster since they do not require blockchain confirmations for each interaction.
- Cost: Reduces gas fees or transaction costs because only the opening and closing of the channel involve blockchain interaction.
- Privacy: Off-chain transactions are not recorded on the blockchain, providing greater privacy.

Example Use Cases:
- Micropayments: State channels are perfect for use cases like micropayments, where users want to make frequent, small transactions.
- Gaming: In blockchain-based gaming, state channels can enable fast, off-chain interactions for things like in-game purchases or actions between players.

One popular implementation of state channels is the Lightning Network for Bitcoin, which is designed to enable fast, low-cost payments.

Here's the Analysis of APLINE :

#ALPINE is been moving within a strong consolidation and forming a range between the major support zone and resistance zone of $1.03 - $1.09 and $1.46 - $1.52 respectively. All eyes on breakout and retest for buys.

#BITCOIN DAILY TF UPDATE :

#BITCOIN on Daily TF, did attempted the move but retraced back to the support zone to the and retracted too. Expected the whole move up from here for next week.

#ZRO given a good breakout but started ranging below the resistance area and dropped hard with market conditions. Price again entered the range so look for the LTF to change the direction.

To compare the impact of ETFs on Bitcoin and Ethereum markets, we've normalized ETF netflow volume against corresponding spot volumes. This ratio reveals the relative weight of ETFs in each market. The analysis shows that Ethereum ETFs influence about ±1% of spot volume, while Bitcoin ETFs affect ±8%. Despite normalization, this indicates that appetite for Bitcoin ETFs remains significantly higher than for Ethereum ETFs, roughly an order of magnitude larger. This disparity suggests a considerably stronger market presence and investor interest in Bitcoin ETFs compared to their Ethereum counterparts.

What is S2F (Stock 2 Flow) Model ?

In simple terms, the Stock to Flow (SF or S2F) model is a way to measure the abundance of a particular resource. The Stock to Flow ratio is the amount of a resource held in reserves divided by the amount it is produced annually.

The Stock to Flow model is generally applied to natural resources. Let’s take the example of gold. While the estimates may vary, the World Gold Council estimates that around 190,000 tons of gold have ever been mined. This amount (i.e., the total supply) is what we can refer to as the stock. Meanwhile, there are about 2,500-3,200 tons of gold mined each year. This amount is what we can refer to as the flow.

Stock to Flow and Bitcoin

If you understand how Bitcoin works, it won’t be difficult for you to understand why applying the Stock to Flow model to it might make sense. The model essentially treats bitcoins comparably to scarce commodities, like gold or silver.

Gold and silver are often called store of value resources. They, in theory, should retain their value over the long term due to their relative scarcity and low flow. What’s more, it’s very difficult to significantly increase their supply within a short period of time.

According to the advocates of the Stock to Flow model, Bitcoin is a similar resource. It’s scarce, relatively costly to produce, and its maximum supply is capped at 21 million coins. Also, Bitcoin’s supply issuance is defined on the protocol level, which makes the flow completely predictable. You also might have heard about the Bitcoin halvings, where the amount of new supply entering the system is halved every 210,000 blocks (roughly four years).

Here's the Analysis of #NEAR :

#NEAR is been bouncing off from the major support zone of $4.30 -$4.50 and also with a confluence with the trendline. Price looks good enough to move up from here and with a potential range of 25%.

#BITCOIN WEEKLY TF UPDATE :

#BITCOIN on Weekly TF, closed candle very decent and saw a sell-off due to fundamental news. News Aligned with the price action and levels and currently, price is rejecting the support zone of support zone around $62,000. Its a range now, need to wait for the next weekly closings.

#DXY UPDATE :

#DXY had a sharp jump due to conflict and signs of war and had a Bullish Engulfing candlestick pattern in the Weekly TF. Price on Daily TF, tapped into a resistance now and index might hodl for a while next week, before going any more up. Overall, market will me impacted towards down in this case.

To compare ETF impact on Bitcoin and Ethereum markets, we normalized ETF netflow volume against spot volumes. This reveals that Ethereum ETFs influence about ±1% of spot volume, while Bitcoin ETFs affect ±8%. Despite normalization, this indicates Bitcoin ETFs have significantly higher market presence and investor interest, approximately an order of magnitude larger than Ethereum ETFs. This disparity highlights a much stronger appetite for Bitcoin ETFs in the current market.

#ETH ANALYSIS :

#ETH dropped more than the expected as overall market got an impact. Price currently, slide below the support and closing to, with that price trying to give a close above too, which might turn it into a fakeout.