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Crypto Macro

Bitcoin Holds Near $84K as Treasury Yields Stay at Multi-Year Highs

Bitcoin traded around $84,000 as US Treasury yields held near multi-year highs, with analysts pointing to elevated crude prices as a cap on non-yielding assets. Spot bitcoin ETFs recorded inflows for an eighth consecutive session.

Original source

AI take

The notable signal here is the divergence: sustained ETF inflows suggest a persistent bid for bitcoin exposure even as the macro backdrop of elevated Treasury yields and crude prices works against non-yielding assets. That the inflows have stretched to an eighth straight session implies this demand is structural rather than a one-off rebound, which is what makes it worth flagging. The open question is whether that ETF bid can keep absorbing macro pressure, or whether the yield and crude dynamic eventually forces the pattern to break.

Generated by AI for reference only.

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