BTC just got rejected at $87K for the second time this week — and it happened the same day the 10-year Treasury yield hit 5.11%, its highest level since 2007.
The mechanism is straightforward: hot PMI data revived Fed hike bets, yields spiked, and leveraged BTC longs got run over — $237M liquidated in a single hour. But spot ETFs didn't blink, pulling in $347M of net inflows that same day.
That's two very different signals from two very different books. Perp traders are getting flushed on every yield spike, while the ETF tape keeps absorbing supply. Worth watching which one breaks first if yields keep climbing.
Where are you positioned here — fading the perp volatility, or watching the ETF flows as the real tell?
#TokenBot #Bitcoin #TradingSignals $BTC $TBOT
tokenbot.com
The mechanism is straightforward: hot PMI data revived Fed hike bets, yields spiked, and leveraged BTC longs got run over — $237M liquidated in a single hour. But spot ETFs didn't blink, pulling in $347M of net inflows that same day.
That's two very different signals from two very different books. Perp traders are getting flushed on every yield spike, while the ETF tape keeps absorbing supply. Worth watching which one breaks first if yields keep climbing.
Where are you positioned here — fading the perp volatility, or watching the ETF flows as the real tell?
#TokenBot #Bitcoin #TradingSignals $BTC $TBOT
tokenbot.com
