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Arsal Rehman
Arsal Rehman
What was really worth watching in the market last night wasn't how much BTC fell, but that the cost of capital went up again. Brent crude surged 6.3% to $107.63, the 10-year US Treasury yield neared 5%, and the probability of a rate hike in September jumped from 49% to 71.3%. Meanwhile, BTC spot ETFs saw a net outflow of $282.7 million. Many people's first reaction: institutions are running away. I don't see it that way. #PPIHotCPINext #OracleAICloudUp121% #BTCSpotETFOutflows

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