⚠️ Don't ignore the Bitcoin macroeconomy. Instead, it confronts it...
#wallstreetearningsrevisionsturnbearish
Wall Street issued a precise warning: Citi’s earnings revision indicators for U.S. companies turned negative after 23 straight weeks of upgrades. Rising energy costs, inflation, and higher interest rates began to weigh on earnings expectations.
At the same time, the U.S. dollar index DXY regained the 101 level, while the two-year Treasury yield hovered around 4.79%, with markets pricing in more than a 50% chance of another rate hike by the Federal Reserve in October.
Bitcoin faced difficulty twice at around the $87,300 level.
That’s usually straightforward to interpret:
weaker earnings outlook → tighter financial conditions → stronger dollar → pressure on risk assets.
But Bitcoin has countervailing strength.
U.S. spot Bitcoin ETFs pulled in about $1.71 billion in inflows between September 21 and 22, as part of a four-session streak totaling roughly $2.31 billion.
So this isn’t really a battle between bulls and bears.
It’s structural ETF flows versus a macroeconomic regime moving toward tightening.
Please keep following
$BTC $ETH $BNB
#WallStreetEarningsRevisionsTurnBearish #DollarIndexReclaims101 #BitcoinRejectedAt87300Twice #BTCETF
#wallstreetearningsrevisionsturnbearish
Wall Street issued a precise warning: Citi’s earnings revision indicators for U.S. companies turned negative after 23 straight weeks of upgrades. Rising energy costs, inflation, and higher interest rates began to weigh on earnings expectations.
At the same time, the U.S. dollar index DXY regained the 101 level, while the two-year Treasury yield hovered around 4.79%, with markets pricing in more than a 50% chance of another rate hike by the Federal Reserve in October.
Bitcoin faced difficulty twice at around the $87,300 level.
That’s usually straightforward to interpret:
weaker earnings outlook → tighter financial conditions → stronger dollar → pressure on risk assets.
But Bitcoin has countervailing strength.
U.S. spot Bitcoin ETFs pulled in about $1.71 billion in inflows between September 21 and 22, as part of a four-session streak totaling roughly $2.31 billion.
So this isn’t really a battle between bulls and bears.
It’s structural ETF flows versus a macroeconomic regime moving toward tightening.
Please keep following
$BTC $ETH $BNB
#WallStreetEarningsRevisionsTurnBearish #DollarIndexReclaims101 #BitcoinRejectedAt87300Twice #BTCETF
