Bitcoin spot ETFs just posted back-to-back outflow days for the first time since late July — $144.7M out Wednesday, another $61.1M out Thursday — and BTC has slipped under $63K this morning.
What's notable is the divergence: this week's softer-than-expected CPI print is exactly the kind of data that usually gets read as risk-on. Gold and silver caught that bid and moved higher. Bitcoin didn't. Instead it's trading with crude (WTI above $82) and rising bond yields, which points to BTC being priced right now as a rate-duration asset rather than an inflation hedge.
If that read holds, the next tell isn't the CPI calendar, it's the 10-year. Are your models weighting yields over inflation data for BTC right now, or is this still noise inside the range?
#Bitcoin #TradingSignals #Crypto #TokenBot $BTC $TBOT
tokenbot.com
What's notable is the divergence: this week's softer-than-expected CPI print is exactly the kind of data that usually gets read as risk-on. Gold and silver caught that bid and moved higher. Bitcoin didn't. Instead it's trading with crude (WTI above $82) and rising bond yields, which points to BTC being priced right now as a rate-duration asset rather than an inflation hedge.
If that read holds, the next tell isn't the CPI calendar, it's the 10-year. Are your models weighting yields over inflation data for BTC right now, or is this still noise inside the range?
#Bitcoin #TradingSignals #Crypto #TokenBot $BTC $TBOT
tokenbot.com