Good morning.
Trend says bullish, the tape says otherwise.
A year after its $126,000 peak, Bitcoin is trading like a rates bet, not an inflation hedge.
Yet Greed still sits at 73 while price slips.
Regime check:
• Above EMA, +1.3% on the 12h
• Greed at 73
• Total market cap down 2.4% on 30% higher volume
Spot ETF inflows have slowed and leverage is near lows, so this looks more like a macro wait than a forced unwind. Today the Fed minutes are the next test.
Question now:
Does the trend hold above the EMA...
or does rate pressure win?
XRP Coffee Break later ☕
$BTC
Trend says bullish, the tape says otherwise.
A year after its $126,000 peak, Bitcoin is trading like a rates bet, not an inflation hedge.
Yet Greed still sits at 73 while price slips.
Regime check:
• Above EMA, +1.3% on the 12h
• Greed at 73
• Total market cap down 2.4% on 30% higher volume
Spot ETF inflows have slowed and leverage is near lows, so this looks more like a macro wait than a forced unwind. Today the Fed minutes are the next test.
Question now:
Does the trend hold above the EMA...
or does rate pressure win?
XRP Coffee Break later ☕
$BTC