Over the last 60 minutes, bitcoin ( BTC) is trading at $84,969 to $85,171 after a volatile 24-hour stretch that saw prices swing between $83,197 and $85,315. With a daily trading volume of $30.74 billion and a market capitalization of $1.68 trillion, bitcoin is holding ground amid mixed technical signals. The Bitcoin The market structure […]

The US Treasury saw a significant inflow of $19 billion, the highest since March 2023, as the 30-year yield fell 30 basis points. This surge in demand for Treasurys as a safe-haven asset boosts market liquidity and stability while lowering US borrowing costs. However, foreign central banks have cut their Treasury holdings to 23%, a 22-year low, possibly due to the ongoing tariff dispute with the US. Meanwhile, gold's share of global reserves has surged to 18%, a 26-year high, with China doubling its gold reserves to 7.1% since 2023. This global de-dollarization trend mirrors a pattern that favors Bitcoin, which soared from $9,000 to nearly $60,000 in 2020 amid similar trends. The current environment, marked by a stabilizing bond market and a central bank's gold rush, implies a similar trigger for Bitcoin's next bullish move. Bitcoin's appeal as a global store of value improves with yields easing and central banks signaling a lack of faith in the US dollar. However, Bitcoin's bullish narrative could falter if global markets enter a recession in 2025, as investors may prioritize liquidity and traditional safe-haven assets. Macroeconomic liquidity and positioning factors drive Bitcoin's bullish price trajectory, with institutional adoption fueling demand. The lack of retail-driven search interest contrasts with historical trends, suggesting a shift in market dynamics where institutional adoption is driving the rally.