Bonds Now Pay 4.5x More Than Stocks. Bitcoin Didn't Care. There's a quiet number this week that says more than any price chart. The ratio of S&P 500 dividend yield to the 10-year Treasury just hit 0.22, near a record low. Plainly: Treasuries pay roughly 4.5x more income than the S&P's dividends. That's a loud signal for capital to leave risky stocks and park in safe bonds. Here's the interesting part: that rotation hasn't touched $BTC . If Bitcoin were purely a risk asset, it should bleed alongside equities as investors chase 4.5x safer yield. Instead it's holding, with spot buying pressure at its highest since the bear market began, over $83 billion turning positive since March. ETFs took $731 million on Sept 3, their biggest day since January. That's the divergence worth sitting with. Money is fleeing overpriced stocks, but it isn't fleeing Bitcoin. Some of it may even be rotating in. None of this cancels the risk. Bitcoin's stuck under $80,000 and this week's inflation print could still trigger a violent unwind if it runs hot. But the setup underneath is stronger than the sideways chart suggests. Fragile on top, well-bid below. The macro data decides which wins. 📊 #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?# #Bitcoin