Bitcoin's price action this week is less about crypto news and more about the macro backdrop. đ
đ The 10-year Treasury yield hit about 5.29%, its highest since 2007
đ° Spot BTC ETF inflows reached about $2.39B this week
đąïž Oil and geopolitical tension are adding pressure
đ PCE inflation is out now, and US payrolls land on Friday
$BTC is holding $83K while these catalysts play out. Higher yields usually weigh on risk assets, but steady ETF demand is cushioning the dip. âïž
Big data days can mean sharp moves both ways. Keep your leverage low and your stop-losses set. đĄïž
Are you positioning before the data or waiting for the reaction? đ
#Bitcoinâ #BTCâïž #Macro #Binance #BinanceSquare
đ The 10-year Treasury yield hit about 5.29%, its highest since 2007
đ° Spot BTC ETF inflows reached about $2.39B this week
đąïž Oil and geopolitical tension are adding pressure
đ PCE inflation is out now, and US payrolls land on Friday
$BTC is holding $83K while these catalysts play out. Higher yields usually weigh on risk assets, but steady ETF demand is cushioning the dip. âïž
Big data days can mean sharp moves both ways. Keep your leverage low and your stop-losses set. đĄïž
Are you positioning before the data or waiting for the reaction? đ
#Bitcoinâ #BTCâïž #Macro #Binance #BinanceSquare