Tonight's real story: $BTC and US equities both pumping, but the money flows are completely different.
$BTC sitting at ~79.6k. Aug 26 US spot ETF saw another $232M net inflow - that's 8 straight days now. Key resistance zone still 81k-86k where heavy supply sits.
US side: NVDA crushed earnings, Nasdaq opened +0.87%, S&P +0.45%. AI trade is back on. But 10Y yields still at 4.67%, DXY around 99.19, PCE running 3.7% YoY. Rate pressure hasn't gone anywhere.
My read: $BTC is riding ETF inflows. US equities are riding AI earnings. As long as $BTC holds 78k and ETFs keep flowing, 80k looks like a pit stop not a ceiling. For equities, watch long-end yields - if they don't drop, even strong AI earnings are just offsetting valuation compression.
$BTC sitting at ~79.6k. Aug 26 US spot ETF saw another $232M net inflow - that's 8 straight days now. Key resistance zone still 81k-86k where heavy supply sits.
US side: NVDA crushed earnings, Nasdaq opened +0.87%, S&P +0.45%. AI trade is back on. But 10Y yields still at 4.67%, DXY around 99.19, PCE running 3.7% YoY. Rate pressure hasn't gone anywhere.
My read: $BTC is riding ETF inflows. US equities are riding AI earnings. As long as $BTC holds 78k and ETFs keep flowing, 80k looks like a pit stop not a ceiling. For equities, watch long-end yields - if they don't drop, even strong AI earnings are just offsetting valuation compression.