I just noticed a surprising development in the market today — Bitcoin is behaving quite differently from the FTSE 100, even though they usually move in the same direction. While the UK bond yields surged, causing the London index to drop 1%, BTC is trading around 67K with strong support. This surprise comes from continuous institutional capital flowing into ETF Bitcoin — it seems giants like BlackRock are still buying despite the stock market being in the red.



Additionally, a previous short squeeze liquidated leverage positions at 71K, forcing sellers to buy back and creating support. Whether Bitcoin is a meme or not, the current supply on exchanges is too thin to allow a sharp decline just because UK stocks are weak.

Traders should watch two key levels: if BTC drops below 71K, this decoupling will be invalidated; if it surpasses 74K, this surprise could turn into a real trend. As the upcoming US session opens, volume will determine whether this is a trap or a new move. If ETF Bitcoin capital flow remains strong, Bitcoin could completely ignore the bond yield storm.
BTC-2.07%
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