$BTC has absorbed billions in ETF inflows and still can’t break free from the $84K area.
That may be the most interesting part of the market right now.
US spot ETFs attracted roughly $2.65B over five sessions, while the 10Y Treasury yield climbed above 5.2%, its highest level since 2007.
$BTC has essentially been caught between both forces, hovering around $84K after briefly falling below $83K.
To me, this is a more meaningful test of ETF demand than watching inflows during a straightforward risk-on environment.
There’s clearly strong demand underneath BTC, but investors suddenly have a 5%+ alternative in Treasuries.
So far, neither side has taken control.
The bigger question is: how much ETF buying will BTC need before bond-market moves stop having such a strong influence?
#CircleMints500MUSDCOnSolana #BlackRockBuildsTokenizedPortfoliosForOndo
That may be the most interesting part of the market right now.
US spot ETFs attracted roughly $2.65B over five sessions, while the 10Y Treasury yield climbed above 5.2%, its highest level since 2007.
$BTC has essentially been caught between both forces, hovering around $84K after briefly falling below $83K.
To me, this is a more meaningful test of ETF demand than watching inflows during a straightforward risk-on environment.
There’s clearly strong demand underneath BTC, but investors suddenly have a 5%+ alternative in Treasuries.
So far, neither side has taken control.
The bigger question is: how much ETF buying will BTC need before bond-market moves stop having such a strong influence?
#CircleMints500MUSDCOnSolana #BlackRockBuildsTokenizedPortfoliosForOndo
