CandleFocus

Key Market Dynamic That Greased Bitcoin and SPX Rally After U.S. Election is Shifting

Crypto sentiment has turned bearish in the span of 24 hours due to a change in market dynamics and the rise of the MOVE index, which measures volatility in the US Treasury bond market. The index has been increasing, signaling tighter financial conditions and triggering risk aversion. As the index continues to trend upwards, the likelihood of both Bitcoin and the S&P 500 completing their bearish reversal patterns is high. The key takeaway is that the bond market is currently in control and a bullish turnaround in risk assets will require stabilization in the Treasury market.

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