Illya Gerasymchuk
Entrepreneur / Engineer
so when market signals a higher risk appetite - Bitcoin tends to see inflows when market is more risk-averse - bitcoin tends to see outflows, alongside other risk assets you can use the US Treasury/riskier bonds yield spreads to understand BTC's trend direction. it's an alpha
if you overlay Bitcoin's price history over those yield spreads, you will notice a significant level of correlation ⬆️ Bitcoin appreciates when spreads are lowering and/or low ⬇️ Bitcoin depreciates when spreads are increasing and/or high makes sense - Bitcoin is a risk asset