July 28: US - 10Y/2Y Yield Spread
Now you can track BTC institutional demand with brand-new 5d, 10d, and 30d BTC ETF flow bars, plus a clearer look at the 2Y vs 10Y Treasury curve.
Now you can track BTC institutional demand with brand-new 5d, 10d, and 30d BTC ETF flow bars, plus a clearer look at the 2Y vs 10Y Treasury curve.
Spot bitcoin ETFs saw $330M leave over five days, the largest outflow in more than two weeks. The crowd also turned less fearful, which trims the contrarian bonus, and the two together took six points off the composite to +24.
Producer prices (PPI) were flat in July and the annual rate cooled to 4.7% from 5.5%, undershooting forecasts. With both inflation prints behind it, the engine released its pause, and indicators are leaning bullish today.
Core CPI eased to 2.5% in today's report. Despite the favorable data, the engine is holding firm on its scheduled pause until Thursday's PPI costs are released.
The market's underlying health has completely decoupled from recent price action. Driven by a massive reversal in BTC ETF flows, conditions have fully recovered from the early June slump.