CryptoBearishBlockonomi · 3h ago7/10
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Bitcoin Leads Risk-Off Move as Macro Pressure Grows
Bitcoin and Ether have declined to cycle lows as the Nasdaq fell 5% and macro headwinds intensify, with the US 10-year Treasury yield holding near 4.53% following strong labor data. Bitwise research indicates Bitcoin typically leads equities during liquidity shifts, while oversold conditions (SSI RSI at 13) suggest potential market stress despite global M2 climbing to $122.6 trillion.
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