$BTC holding ~$83K, but the real story is outside crypto:
đ US Treasury yields are near a ~19-year high
đąïž Oil is rebounding
đ Stocks are red, and Wednesday's PCE inflation data is the next big catalyst
đŠ On the bright side, ETF inflows are cushioning the dip, and Goldman Sachs is reportedly bringing a $100B Treasury fund into crypto's institutional infrastructure
Short-term pressure, long-term adoption. Both can be true.
Are you trading the data or waiting on the sidelines? đ
#bitcoin #BTC #Macro #PCEć€ç #ETF
đ US Treasury yields are near a ~19-year high
đąïž Oil is rebounding
đ Stocks are red, and Wednesday's PCE inflation data is the next big catalyst
đŠ On the bright side, ETF inflows are cushioning the dip, and Goldman Sachs is reportedly bringing a $100B Treasury fund into crypto's institutional infrastructure
Short-term pressure, long-term adoption. Both can be true.
Are you trading the data or waiting on the sidelines? đ
#bitcoin #BTC #Macro #PCEć€ç #ETF