Desks were short into the Treasury news. A record 2.7 billion in shorts wiped.
The 30-year yield hit 5.33% on Aug 18, a 19-year high (CNBC). A day later Treasury said it will at least double long-end buybacks, from 2B to 4B USD per operation, from Sept 9 (US Treasury). Bearish crypto bets then lost a record 2.7B USD (CoinDesk).
Then the confirmation: 517M USD into US spot Bitcoin ETFs, biggest since May, and 189M into Ether ETFs, biggest since Oct 2025 (The Block).
Transmission: when Treasury signals it will absorb long-end supply, term premium compresses, the dollar softens, and duration-sensitive risk gets re-rated. Crypto is the highest-beta version of that.
Squeeze fuel is spent. The flows are not. That gap is where $BTC and $ETH get decided into the US open.
Fading the squeeze, or trusting the flows?
#Write2Earn #Bitcoin #ETFFlows #CryptoNews
Not financial advice. DYOR.
The 30-year yield hit 5.33% on Aug 18, a 19-year high (CNBC). A day later Treasury said it will at least double long-end buybacks, from 2B to 4B USD per operation, from Sept 9 (US Treasury). Bearish crypto bets then lost a record 2.7B USD (CoinDesk).
Then the confirmation: 517M USD into US spot Bitcoin ETFs, biggest since May, and 189M into Ether ETFs, biggest since Oct 2025 (The Block).
Transmission: when Treasury signals it will absorb long-end supply, term premium compresses, the dollar softens, and duration-sensitive risk gets re-rated. Crypto is the highest-beta version of that.
Squeeze fuel is spent. The flows are not. That gap is where $BTC and $ETH get decided into the US open.
Fading the squeeze, or trusting the flows?
#Write2Earn #Bitcoin #ETFFlows #CryptoNews
Not financial advice. DYOR.