Today the problem is not in Bitcoin
Bitcoin has fallen again to near $77k.
But today I would look less at the chart and more at the world outside.
Brent oil has returned to near $95.
And U.S. 10-year yields have reached the 4.8% region.
The market has also increased bets on a possible rate hike by the Fed.
This combination means:
oil ↑
expected inflation ↑
yields ↑
liquidity ↓
And risk assets feel it.
Yesterday, the spot ETFs $BTC also recorded approximately:
−US$35.3 million in net flows.
This is not a massive outflow.
But after the strong August rally, it shows the market has entered a different phase.
Now I’m not just looking for:
“where is the support?”
I’m watching:
how much risk the financial system can absorb while rates and oil are rising at the same time?
$BTC
Do you think the biggest risk for Bitcoin right now is in the crypto market itself or in the macro scenario?
#bitcoin #BTC走势分析 #Crypto
Bitcoin has fallen again to near $77k.
But today I would look less at the chart and more at the world outside.
Brent oil has returned to near $95.
And U.S. 10-year yields have reached the 4.8% region.
The market has also increased bets on a possible rate hike by the Fed.
This combination means:
oil ↑
expected inflation ↑
yields ↑
liquidity ↓
And risk assets feel it.
Yesterday, the spot ETFs $BTC also recorded approximately:
−US$35.3 million in net flows.
This is not a massive outflow.
But after the strong August rally, it shows the market has entered a different phase.
Now I’m not just looking for:
“where is the support?”
I’m watching:
how much risk the financial system can absorb while rates and oil are rising at the same time?
$BTC
Do you think the biggest risk for Bitcoin right now is in the crypto market itself or in the macro scenario?
#bitcoin #BTC走势分析 #Crypto
