Analysts suggest that Bitcoin buy signals may arise from stress in the bond market, which historically corresponds with Bitcoin cycle bottoms. With U.S. national debt surpassing $37 trillion and the 10-year Treasury yield rising to 4.3%, macroeconomic pressures could favor Bitcoin in Q4. The ICE BofA Option-Adjusted Spread (OAS), which indicates yields investors demand for risky bonds over safe U.S. Treasurys, remains stable, but a spike could suggest market fear and a buying opportunity for Bitcoin. Recent data shows institutional interest remains, as evidenced by Strategy's purchase of 430 BTC for approximately $51.4 million. However, selling pressure is noted from large Bitcoin holders, indicated by a decrease in mega whale addresses. Additionally, nearly 32,000 dormant BTC were shifted in a recent transaction, suggesting potential volatility ahead. Analysts caution that while accumulation may be occurring, a combination of whale selling and dormant coins could lead to short-term price corrections.

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