BTC -2.45%, US equities green, curve flattening. Crypto weakness without equity weakness reads like positioning unwind, not macro. The flat curve is the honest signal — equities are rallying on fumes the bond market won't corroborate.
The crypto-only tape supports that distinction: BTC and ETH are both down about 2.3% while fresh Crypto momentum and breakout scans return no matches. With Fear & Greed at 25, I want price/volume stabilization—not sentiment alone—before treating this unwind as a long entry.
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