Bond markets are sending warning signals, and cryptographic merchants are paying attention.
The sharp flattening of this week of the United States Treasury Performance curve has begun a new debate on whether the global economy is slowing down. If so, Bitcoin and other risk assets could become more volatile.
Performance curve and macro risks place bitcoin in the center of attention
On September 10, Binance Research warned about X that weakening US labor data is restructuring the inflation narrative, noting that the performance curve has entered a “bull” phase. Long -term yields are falling faster than in the short term, a classic indicator that investors are covering weaker growth ahead.
The research team emphasized that the propagation of 10 years versus 2 years remains a simple but powerful caliber: a narrowing or an inverted propagation often foresees the recession.
This happens only days before the key data of the consumer price index (CPI), with Thursday, which could confirm whether inflation are cooling along with the softness of the labor market. Analysts fear that the combination can weigh on pro -cyclic assets, including Bitcoin, which has historically tracked changes in growth expectations.
Meanwhile, commercial desks are divided on whether the current Altcoin Rally is sustainable. On September 9, Dr. Doctor’s pseudonym, he told the followers that the recent strength in ALTS was probably a “distribution trap”, timed to attract retail buyers before macro shocks such as the IPC and the meeting of the Federal Reserve.
His point of view made a precaution of the founder of the introvertecryptoaver Benjamin Cowen, who previously argued that Bitcoin’s domain is probable regardless of the direction of short -term prices, leaving Alt vulnerable.
Bitcoin Price has key support but faces the liquidity test
Bitcoin is quoted at $ 111,581, 0.8% less in the last 24 hours, but they cling to weekly profits of 0.5%, according to Coingecko. The asset remains almost 10% below its historical maximum of $ 124,457 on August 14. BTC has fallen 8.6% in the last month, showing how difficult it is to move forward with good news from the economy.
Meanwhile, the graphics show that $ 110,000 is an important level of support, and has been tested several times in the last sessions. If the price exceeds $ 112,000, it could increase between $ 116,000 and $ 117,000, but there has been a lot of sale pressure between $ 115,000 and $ 125,000 that has stopped the demonstrations.
Analysts say that whales are selling some of their holdings, while the wallets that have 100 to 1,000 BTC are growing, which means that medium -level investors are getting more from assets. At the same time, the activity in the chain remains low, and the number of active addresses is decreasing. This suggests that speculative trade, not organic use, is promoting the current price action.
The main point is that liquidity has decreased, which makes BTC more likely to see great changes in the main events. This week, IPC data and Fed will meet in a few days. The next bitcoin movement can depend less on graphics patterns and more than the bond market about growth says.
Free Binance $ 600 (Cryptopotato Exclusive): Use this link to record a new account and receive an exclusive welcome offer of $ 600 in Binance (Complete details).
Limited offer for Cryptopotate readers at Bybit: Use this link to register and open a free $ 500 position in any currency!
