Macro· ★★★· bullish·

Alea Research: Bitcoin Rose 42.7%, Ether 71% in Quarter of Fed Rate Hike

  • —Fed raised rates to 4.00%; BTC gained 42.7% and ETH 71.0%
  • —Spot funds drew $9.4 billion of inflows during the quarter
  • —Binance BTC open interest fell 12.1% in coin terms
  • —Real yields accounted for 73bp of the 85bp rise in 10-year Treasury yields
Why it matters: Spot-driven gains are healthier than leverage, but the next leg hinges on real yields and sustained ETF demand.
#BTC#ETH
Source: TokenPost
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