The overnight linkage between US stocks and the crypto market—let’s make it clear.

First read the numbers for the US stock market, then decide whether crypto follows.

Today we won’t guess price levels. We’ll only look at numbers that have already landed.

US Dollar Index 101.92 (5-day +0.55%)
VIX 15.31 (5-day -4.73%)

Transmission: The Nasdaq is up +0.45% over 5 days, outperforming the S&P 500 at -0.27%. Risk appetite is still leaning toward growth stocks—not a broad-based bull market. If crypto follows, it’s following the Nasdaq’s elasticity, not the Dow’s.

BTC 85,234; 24h trading volume 0.60 billion USD. ETH/BTC 0.03164. ETH +0.63% tracks BTC +0.50% closely. Exchange rate 0.03164. If there’s no independent price action, don’t place a single bet on altcoins.

Forward look: The next candle depends on whether the 10-year yield can stop rising. If yields keep lifting, I’ll treat the rebound in growth stocks and BTC as a pullback.

My positioning: Waiting. The price hasn’t picked a side, and the leverage hasn’t been paid for. Opening a position right now is basically working for the exchange.

Data: Binance spot 24h / Binance U-margined / Yahoo daily candles (5-day gain/loss). Missing numbers won’t be filled in.

Can you add to your position at this fee rate?

#财报 #美股 #BTC

Data card (same batch as the main text; missing values are indicated by the hyphens):
BTC 85,234 +0.50% Binance spot 24h
ETH 2,697 +0.63% ETH/BTC 0.03164
S&P 7,723 -0.27% Yahoo 5-day
Nasdaq 27,191 +0.45% Yahoo 5-day
Dollar 102 +0.55% DXY 5-day
VIX 15.31 -4.73% Yahoo
Fee rate 0.0025% Open interest 8.43B (24h +1.80) Long/Short 1.1654 Binance U-margined

Side note: People out there are discussing “\"bitcoin OR stock market OR US stocks\" - Google News”. I only use it as background; the conclusion still relies on the numbers in the main text.

Personal view: the numbers are taken from the sources shown in the main text. Not an order to place a trade.