The yields spike just forced bitcoin:native back to the mid 80s after it flirted with 87k earlier this week. A move like that always clears the overlevered longs first and leaves the real bids sitting lower. Rising Treasury rates and a stronger dollar are doing the heavy lifting while ETF flows keep showing up anyway. The market is telling you risk appetite is still there but the tape no longer tolerates lazy positioning. Is @bitcoin going to rally or are we headed back down again?
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