
Bitcoin holding above $80k with the US 10Y around 5.2% is far more interesting to me than Bitcoin rallying when financial conditions are easy... US spot BTC ETFs have taken in roughly $2.4B across the last six sessions. This is happening while bond yields are still sitting near levels that would normally make times like this very uncomfortable for risk assets. This is why I'm watching $80k closely because we want to see that previous resistance starts behaving like support. If we can establish $80k as the new floor while institutional demand continues coming through, I think the market structure here looks very healthy.
