$BTC reports $85,592, down a slight 0.79% over 24 hours, hovering around $80,000.
The dollar has moved in the opposite direction this week.
DXY climbed from 117.91 at the end of September to 121.38 in early October, gaining 3.47 points in 7 days.
With the dollar this strong, prices holding steady is unusual.
The 10-year U.S. Treasury yield rose from 4.80% to 5.28% over the same period, up 48 basis points in 7 days.
Rates have surged, but the market hasn't reacted.
Sidelined money is still waiting.
The two largest dollar stablecoins totaled $258.3 billion today, edging up slightly over 7 days. Sidelined money hasn't flowed in or out.
FGI is 73, the second-highest reading of the year, just behind the one on 8/25.
Sentiment is stronger than price action, moving against the simultaneous rise in the dollar and Treasuries.
Longtime whale wallets have been reducing their holdings for 7 consecutive weeks, but prices haven't fallen—the buy-the-dip demand is holding up.
The $85,000 level has held. If sidelined money comes in, that's the next story.
A break below $84,000 would mean looking back to $82,000 for support.
#BTC横盘拉锯 #美元美债反向上行 #Macro
The dollar has moved in the opposite direction this week.
DXY climbed from 117.91 at the end of September to 121.38 in early October, gaining 3.47 points in 7 days.
With the dollar this strong, prices holding steady is unusual.
The 10-year U.S. Treasury yield rose from 4.80% to 5.28% over the same period, up 48 basis points in 7 days.
Rates have surged, but the market hasn't reacted.
Sidelined money is still waiting.
The two largest dollar stablecoins totaled $258.3 billion today, edging up slightly over 7 days. Sidelined money hasn't flowed in or out.
FGI is 73, the second-highest reading of the year, just behind the one on 8/25.
Sentiment is stronger than price action, moving against the simultaneous rise in the dollar and Treasuries.
Longtime whale wallets have been reducing their holdings for 7 consecutive weeks, but prices haven't fallen—the buy-the-dip demand is holding up.
The $85,000 level has held. If sidelined money comes in, that's the next story.
A break below $84,000 would mean looking back to $82,000 for support.
#BTC横盘拉锯 #美元美债反向上行 #Macro
