ETF outflows + Treasury yields weighing on the market: Who’s holding Bitcoin steady at $86K?
🔻 The key data today
Bitcoin spot ETFs saw nearly $90 million in net outflows, with most providers except BlackRock seeing withdrawals. ETH ETFs saw $111 million in inflows, but were also supported solely by BlackRock. Meanwhile, the 30-year Treasury yield surged to around 5.68%, with long-term rates reaching multi-year highs.
🔻 A closer look
Bitcoin is hovering around $86,200, with a 24-hour range of $85,000–$87,000 and no major spike in trading volume. With ETF flows drying up and Treasury yields staying high, institutional capital hasn’t really come in. The market is holding sideways on short covering and localized buying—not genuine strength.
🔻 My take
The long-term case for holding a core position remains intact. Don’t chase at $86,000 in the short term; there’s heavy selling pressure above $87,000. If $85,000 holds, the market could keep grinding sideways; if it breaks, watch $82,500. I’ll wait for Wednesday’s Fed minutes and for Treasury yields to fall below 5.1% before deciding on direction. Follow my market analysis—not the hype—and watch where the money flows.
With ETF outflows and Treasury yields high, do you believe this sideways action is a false sense of stability, or are you waiting for a pullback? 👇
BTC #ETH
🔻 The key data today
Bitcoin spot ETFs saw nearly $90 million in net outflows, with most providers except BlackRock seeing withdrawals. ETH ETFs saw $111 million in inflows, but were also supported solely by BlackRock. Meanwhile, the 30-year Treasury yield surged to around 5.68%, with long-term rates reaching multi-year highs.
🔻 A closer look
Bitcoin is hovering around $86,200, with a 24-hour range of $85,000–$87,000 and no major spike in trading volume. With ETF flows drying up and Treasury yields staying high, institutional capital hasn’t really come in. The market is holding sideways on short covering and localized buying—not genuine strength.
🔻 My take
The long-term case for holding a core position remains intact. Don’t chase at $86,000 in the short term; there’s heavy selling pressure above $87,000. If $85,000 holds, the market could keep grinding sideways; if it breaks, watch $82,500. I’ll wait for Wednesday’s Fed minutes and for Treasury yields to fall below 5.1% before deciding on direction. Follow my market analysis—not the hype—and watch where the money flows.
With ETF outflows and Treasury yields high, do you believe this sideways action is a false sense of stability, or are you waiting for a pullback? 👇
BTC #ETH