Bitcoin’s rally has temporarily paused—could risk be on the horizon? I’ve just stepped away from the group to travel, but wanted to share an urgent update. Yesterday, we saw Bitcoin experience one of its more significant pullbacks in recent times, primarily due to the 10-year U.S. Treasury yield rising above 5% and oil prices rebounding above $100. This rally began at $76K, so expecting a continuous upward surge was never realistic. As previously mentioned, most bullish options were clustered around $85K, and with a massive quarterly options expiry coming on September 25, it’s entirely normal for the upward momentum to pause. In times of uncertainty, Bitcoin ETFs remain a crucial indicator for me. Back in June, I noted that ETF inflows and outflows will only grow in importance over time—and this rally’s initial capital surge came primarily from ETFs. Recent net inflows into ETFs have been strong, and institutions continue buying spot Bitcoin. Therefore, I view this pullback as little more than short-term profit-taking. If bond yields and oil prices stabilize again, after a period of consolidation, the outlook remains strongly bullish. If you haven’t fully positioned yet and are still hesitating, this consolidation phase presents a solid opportunity to enter. For those already fully positioned: hold your spot holdings steady and avoid rushing into futures contracts. If you haven’t fully entered yet, consider adding within your risk tolerance. The market’s slowdown gives you a valuable chance to reassess your strategy.