everyone thinks the stalled clarity act is what's gonna decide $btc's next move but actually it's us rates and liquidity that matter.
traders keep getting wrecked waiting on regulation headlines while the real dump comes from the fed. ngl too many people are holding bags thinking congress is the catalyst when they should be watching yields.
fed's sitting at 3.75-4.00% and the 10-year hit 5.20% on sept 24. september pmi rose to 58.4 which is still hot. that's not a cut environment ser.
a potential october hike would pressure risk assets across the board, $eth included. the only thing holding the rally toward 87k has been those $btc etf inflows.
if those flows dry up while yields stay elevated that's the setup nobody's talking about. the clarity act failing its procedural vote is just noise compared to this.
anyone else watching the 10-year more than the senate right now?
#Bitcoin #Macro #ETFs
traders keep getting wrecked waiting on regulation headlines while the real dump comes from the fed. ngl too many people are holding bags thinking congress is the catalyst when they should be watching yields.
fed's sitting at 3.75-4.00% and the 10-year hit 5.20% on sept 24. september pmi rose to 58.4 which is still hot. that's not a cut environment ser.
a potential october hike would pressure risk assets across the board, $eth included. the only thing holding the rally toward 87k has been those $btc etf inflows.
if those flows dry up while yields stay elevated that's the setup nobody's talking about. the clarity act failing its procedural vote is just noise compared to this.
anyone else watching the 10-year more than the senate right now?
#Bitcoin #Macro #ETFs
