Bitcoin experienced intense volatility in September, crossing $82K before struggling to maintain the $80K level. This week’s U.S. macroeconomic data, particularly inflation figures, could significantly impact rate expectations ahead of the September FOMC meeting, with a hotter-than-expected print triggering widespread risk-asset selling. The 10-year U.S. Treasury yield now exceeds the S&P 500 yield, pushing investors to rotate capital toward safer bonds. Despite this unfavorable backdrop, U.S. spot Bitcoin ETFs recorded $731 million in inflows on September 3rd, their highest single-day inflow since January, totaling $3.8 billion over three weeks. Spot buying pressure has reached its highest level since the bear market began, crossing $83 billion, suggesting Bitcoin’s resilience remains intact.
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