[Crypto Night Session Recap] Today the market faced downward pressure. Spot BTC ETFs saw their largest weekly outflows since the end of June: net redemptions of $390 million, with IBIT and FBTC leading the decline. $BTC has been oscillating in the $63,000–$64,500 range, down 50% from the historical high. The 30-day implied volatility has fallen to 37, and market speculative sentiment remains low.
Persistent macro pressure: tensions in the U.S.–Iran conflict have escalated; Trump has threatened to bomb Oman; shipping through the Strait of Hormuz is disrupted; Brent crude broke above $91, and inflation risks are heating up. The yield on the 10-year U.S. Treasury has risen to 4.68%, and the 30-year to 5.3%, leaving the opportunity cost of non-yielding assets elevated.
By comparison, U.S. equities have shown stronger resilience: the S&P 500 and Nasdaq are up more than 13% year-to-date, and their correlation with crypto is only 0.3–0.5. Under triple pressure from liquidity, macro conditions, and technical factors, the market may continue to trade sideways and consolidate in the near term.
NFA | DYOR
#Bitcoin #ETF #加密货币 #宏观 #recap
Persistent macro pressure: tensions in the U.S.–Iran conflict have escalated; Trump has threatened to bomb Oman; shipping through the Strait of Hormuz is disrupted; Brent crude broke above $91, and inflation risks are heating up. The yield on the 10-year U.S. Treasury has risen to 4.68%, and the 30-year to 5.3%, leaving the opportunity cost of non-yielding assets elevated.
By comparison, U.S. equities have shown stronger resilience: the S&P 500 and Nasdaq are up more than 13% year-to-date, and their correlation with crypto is only 0.3–0.5. Under triple pressure from liquidity, macro conditions, and technical factors, the market may continue to trade sideways and consolidate in the near term.
NFA | DYOR
#Bitcoin #ETF #加密货币 #宏观 #recap