Bitcoin just got a macro boost — but the market still has something to prove.
August PCE came in softer than expected, reducing pressure for another Fed hike in October.
BTC briefly pushed above $85K before cooling back toward $84K.
The interesting part isn’t the headline.
It’s the divergence:
• Macro pressure is easing
• Futures leverage has been flushed
• But spot demand remains weaker
• Treasury yields are still elevated
So the next move needs real spot buying, not another leverage-driven squeeze.
For me, $80K–$82K remains an important area to watch.
October starts with a question:
Is this accumulation or just another relief rally?
#bitcoin #BTC #crypto #MannequinCrypto
August PCE came in softer than expected, reducing pressure for another Fed hike in October.
BTC briefly pushed above $85K before cooling back toward $84K.
The interesting part isn’t the headline.
It’s the divergence:
• Macro pressure is easing
• Futures leverage has been flushed
• But spot demand remains weaker
• Treasury yields are still elevated
So the next move needs real spot buying, not another leverage-driven squeeze.
For me, $80K–$82K remains an important area to watch.
October starts with a question:
Is this accumulation or just another relief rally?
#bitcoin #BTC #crypto #MannequinCrypto