2️⃣ Bond yields. The yield on 10-year U.S. Treasury bonds reached 5.36%, the highest level since 2002. Risk assets under pressure.
3️⃣ Leverage liquidations. On October 7, BTC fell by about $1,765 in 20 minutes, from $85,341 to $83,790, wiping out more than $400 million in longs within an hour.
4️⃣ ETF outflows. Spot BTC ETFs posted net outflows of $89.9 million after inflows of $293 million.
👀 What’s next:
• October 14: September CPI is released
• The month’s main test — the Fed’s decision on October 28
💬 “Uptober” hasn’t happened yet. Are you adding a position on the dip, or waiting for CPI? Let us know in the comments 👇
⚠️ Not financial advice. DYOR.
#BTC #Bitcoin #FOMC #CryptoMarket #Binance 🥶
3️⃣ Leverage liquidations. On October 7, BTC fell by about $1,765 in 20 minutes, from $85,341 to $83,790, wiping out more than $400 million in longs within an hour.
4️⃣ ETF outflows. Spot BTC ETFs posted net outflows of $89.9 million after inflows of $293 million.
👀 What’s next:
• October 14: September CPI is released
• The month’s main test — the Fed’s decision on October 28
💬 “Uptober” hasn’t happened yet. Are you adding a position on the dip, or waiting for CPI? Let us know in the comments 👇
⚠️ Not financial advice. DYOR.
#BTC #Bitcoin #FOMC #CryptoMarket #Binance 🥶