Bitcoin's rally isn't about Bitcoin — again.

$BTC holds near 78,400 as Fed's Barkin warns rising US debt may push investors away from Treasuries. When sovereign bonds wobble, hard-capped assets catch the flow.

Today's fresh catalysts:

• World Liberty Financial deployed $USD1 natively on Canton Network — a 4B+ stablecoin moving onto institutional-grade rails.

• Cross-exchange spreads are flashing: $RVN gaps 3.1% between Binance and Bybit, a classic volatility tell.

• Signal desk just printed an INTERVAL BUY on BTC at current levels.

Macro fear or liquidity rotation — which narrative drives the next leg higher?

📊 Drop your levels below.