ETF inflows and spot accumulation by investors show belief that Bitcoin trades at a discount. US macroeconomic events next week could resolve fear catalysts suppressing crypto prices. BTC traders struggle around $112,000 but show range compression, hinting at potential positive sign. Spot Bitcoin ETFs bring in $477 million as BTC price rises to $114,000. Glassnode’s Bitcoin Accumulation Trend Score at 0.924 indicates accumulation by larger entities. Analysts predict end of BTC range consolidation soon, potential altcoin recovery due to upcoming US macroeconomic events.

Read more at Cointelegraph: Bitcoin Compression Phase Will Lead To Violent Expansion