Another day of coinbase's Spot is pumping... It seems that today's ETF is probably still over 500 million... During the opening, it was pumping fiercely, but once the US stock market closed, it started to pull back and move sideways..

Well, then the question comes... It will be Friday when the sun rises, which is the last trading day of this week... Should we continue to expect the ETF to pump one more day?
It seems that everyone realizes that after Friday, there probably won't be any pump funds for the weekend, so should we just make a quick exit?

Let's take a look at today's final data for URPD..
In the range of 1170~1200, today's single-day turnover (distribution) is 190,000 pieces..
The entire range has taken over 240,000 pieces this week.
(Among them, some were the brave ones who chased high at 1170 yesterday and then distributed at 1190 today, so the single-day volume of 190,000 is very high, but the total volume taken over for the whole week is 240,000.)

At the same time, 300,000 coins accumulated last week around 10.80w to 10.90w have already been sold off more than half (190,000 coins).

Another point is that yesterday and today, long-term holders with costs below 100,000 have been selling at a rate of 20,000 to 30,000 pieces per day.. ( mainly consists of a wave with a cost of over 60,000 and a wave with a cost of over 90,000)
This is the situation around the 1180 high point before and after the FOMC meeting on September 18.

It looks like a large-scale distribution has occurred here. According to the newly summarized URPD model, this should be a turning point. However, this is being impacted by the funds from the October ETF... So in the current scenario, whether to wait for the last dance this week on Friday to turn, still needs to be observed...

If on Friday there is a final pump of around 100K in the range of 12.2~12.3.... then that would be the final FOMO buy-in, right...

So looking ahead to Friday, it should still be sideways or bearish during the Asian session... waiting for the last wave on the last day of the US stock market this week... But there will be a lot of people thinking this way, so it feels like there will be a big wave of people choosing to exit before the weekend on Friday.

Looking at the market, the trading gap caused by the rapid decline after the previous ATH has been filled today above 120,000.
The upper range 12.17~12.20 is the last concentrated trading area above.. It should be the focus of contention and trading on Friday... I'll continue to watch after getting up.

As for the weekend, let's see tomorrow night....