#BiyondDaily ⤵️
1️⃣Bitcoin is in recovery mode ahead of key U.S. NFP jobs and ISM manufacturing reports, along with an options expiration event.
2️⃣Spot ETFs on Wall Street saw outflows, but the Hong Kong Bitcoin ETF experienced significant net inflows.
3️⃣Bill Gross predicts a return to five percent in the 10-year bond market, potentially impacting crypto in the short term.
4️⃣Arthur Hayes believes Bitcoin's bottom is in, anticipating a slow grind higher, emphasizing the importance of the $59,000 to $58,000 price zone.
5️⃣The Long Vs Short ratio has dropped to 2:1, indicating traders are still overly long, possibly leading to liquidations on recovery.
6️⃣The 90-day MVRV ratio is about -8 percent, historically hitting -20 to -25 percent during significant pullbacks.
7️⃣Signal entries may be raised if $58,000 holds, with a potential target of $120,000.
#Bitcoin❗️ #ETFs✅ #ArthurHayes #MVRV