This morning in the Asian session, BTC pulled steadily back above $81,000, up roughly 4%–5% over the past 24 hours.
The main catalyst is simple: the market has pared back its bets on a September rate hike by the Federal Reserve—from 63% earlier in the week down to about 50%.
The logic behind it is pretty straightforward:
• Initial jobless claims in the US came in above expectations → a sign the labor market is cooling
• Fed Governor Waller offered a softer tone: “If inflation continues to cool, it supports maintaining the current rate”
• US Treasury yields have fallen back → money flows into risk assets
A few details worth watching:
1. Zcash led the broader market, up +15% in 24h and +20% on the week; the privacy narrative is back in focus
2. Spot BTC ETFs saw net inflows of about $277 million on Thursday, but the first four days alternated between inflows and outflows—whether institutions are genuinely buying or just doing a one-day trade still depends on what happens by the end of the week
3. The BTC-to-gold ratio rose to 18.17, reaching a new high since early last month
My view (not investment advice): this rebound driven by repricing of interest rates is more “sentiment-driven.” Whether ETF capital can continue to post consecutive net inflows is the real confirmation. Don’t chase just because it’s pumping—let’s see how this week’s close looks.
What do you think of this move? Let’s discuss in the comments 👇
#Bitcoin #BTC #BinanceSquare #Macro #ETF
The main catalyst is simple: the market has pared back its bets on a September rate hike by the Federal Reserve—from 63% earlier in the week down to about 50%.
The logic behind it is pretty straightforward:
• Initial jobless claims in the US came in above expectations → a sign the labor market is cooling
• Fed Governor Waller offered a softer tone: “If inflation continues to cool, it supports maintaining the current rate”
• US Treasury yields have fallen back → money flows into risk assets
A few details worth watching:
1. Zcash led the broader market, up +15% in 24h and +20% on the week; the privacy narrative is back in focus
2. Spot BTC ETFs saw net inflows of about $277 million on Thursday, but the first four days alternated between inflows and outflows—whether institutions are genuinely buying or just doing a one-day trade still depends on what happens by the end of the week
3. The BTC-to-gold ratio rose to 18.17, reaching a new high since early last month
My view (not investment advice): this rebound driven by repricing of interest rates is more “sentiment-driven.” Whether ETF capital can continue to post consecutive net inflows is the real confirmation. Don’t chase just because it’s pumping—let’s see how this week’s close looks.
What do you think of this move? Let’s discuss in the comments 👇
#Bitcoin #BTC #BinanceSquare #Macro #ETF
