McGlone: Bitcoin above $86K, but $60K floor is not confirmed
- —Bitcoin rose above $86,000, its highest in eight months
- —Spot BTC ETFs took in roughly $1.71 billion over two days
- —Single-day ETF inflows hit $998.95 million on Sept. 21, the most since October
- —McGlone: 10-year Treasury yields above 5% weigh on bitcoin
Why it matters: ETF inflows are fueling the rally, but high Treasury yields and equity correction risk could cap further BTC upside.
Source: Blockmedia