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🪨 Blackrock Bitcoin ETF Crowned King 

Word On The Street: BlackRock recorded a significant inflow of $184.4 million on Sept. 25 for its spot Bitcoin ETF, marking the highest daily inflow for any fund this month.

The details:

• On the same day, the only other fund to see positive inflows was the Bitwise Bitcoin ETF (BITB), which attracted $2.1 million.

• In contrast, the Fidelity Wise Bitcoin Origin Fund and the Ark 21Shares Bitcoin ETF (ARKB) experienced outflows of $33.2 million and $47.4 million.

• The $184.4 million inflow on Sept. 25 is the largest daily inflow recorded so far this month.

Why it matters: September is typically considered a bearish month for Bitcoin, but BlackRock’s iShares Bitcoin Trust (IBIT) has bucked the trend.

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Traders Corner (Premium)

Welcome, Traders!

Traders Corner is the premium section of The Blockstreet Journal. We provide one free report out of appreciation ❤️ 

Reports from our analysts today:

• SUI Technical Analysis (Free)

• Avalanche Technical Analysis (Paid)

• Dogecoin Technical Analysis (Paid)

TRADERS CORNER
💧 SUI Technical Analysis

SUI is trading around $1.7257, slightly above the middle VWAP band of $1.7171. This indicates a neutral to slightly bullish momentum as the price is trying to stay above the VWAP, which could suggest buyers are starting to regain control.

Trend Analysis:

The chart shows that SUI had a recent spike in price, breaking above the upper VWAP band before pulling back. Despite the pullback, the price remains near the middle VWAP band, which indicates some underlying strength. The green volume bars have been increasing, reflecting growing buying interest, but the recent red candlestick indicates that sellers have stepped in after the sharp upward movement.

The widening of the VWAP bands indicates increased volatility, suggesting that the market may be gearing up for a potential breakout or breakdown.

Support and Resistance:

- Resistance: The upper VWAP band around $1.7316 is the immediate resistance. If SUI can break above this level, the next resistance to watch would be near $1.7400, a psychological barrier where sellers might step in.

- Support: The closest support level is the middle VWAP band at $1.7171. If the price drops below this, the lower VWAP band around $1.7027 could provide stronger support.

Potential Scenarios:

Bullish: If SUI maintains its position above the middle VWAP band and builds momentum, it could retest the upper VWAP band at $1.7316. A successful break above this level would signal a continuation of the uptrend, potentially targeting the $1.7400 resistance zone.

Bearish: If SUI fails to hold above the middle VWAP band and faces selling pressure, the price may fall to the lower VWAP band at $1.7027. A break below this level could indicate a shift in market sentiment, leading to further downside toward $1.6882.

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