Daily View

Bitcoin traded above $81,000 and briefly tested $82,000, but it remains capped below its 200-day moving average as positioning looks more like a liquidity-driven rebound than a confirmed breakout. Macro conditions stayed restrictive, with 2-year and 10-year Treasury yields pushing to 12-month highs, gold pulling back, and a firmer risk backdrop in equities offset by the headwind from elevated rates and dollar strength. Overall crypto sentiment was cautiously constructive, supported by progress on U.S. market-structure legislation, though the broader tone remains selective rather than fully risk-on.