Bitcoin climbed to around $85,000 after a wave of short liquidations, but the move still needs stronger spot buying or ETF inflows to look more sustainable. Long-term holders have sharply reduced selling, which may ease supply pressure, though Bitcoin is now trading in a key holder breakeven zone around $83K–$86K.
macro risks: Chicago #Fed President Goolsbee said further rate hikes could be needed if inflation stays above target, while Treasury policy and long-term bond yields remain debated. Meanwhile, the SEC is opening a limited five-year window for institutional tokenized-stock trading, a notable step for bringing traditional assets onto public blockchains.
#CanaryFilesSecondAmendmentForStakedSEIETF #CircleLaunchesInstitutionalBTCBackedBorrowing #CryptoCommunity
macro risks: Chicago #Fed President Goolsbee said further rate hikes could be needed if inflation stays above target, while Treasury policy and long-term bond yields remain debated. Meanwhile, the SEC is opening a limited five-year window for institutional tokenized-stock trading, a notable step for bringing traditional assets onto public blockchains.
#CanaryFilesSecondAmendmentForStakedSEIETF #CircleLaunchesInstitutionalBTCBackedBorrowing #CryptoCommunity