Futures dropped almost 3% overnight but spot held. Some read that as resilience, some as a delayed reaction. Either way, with oil above $112 and stocks posting their worst run since 2022, crypto is oddly quiet. That usually means something.
The S&P 500 just closed its fifth straight red week, Treasuries are at nine-month highs, and risk appetite across the board is basically gone. But BTC is just sitting there. Not dumping, not rallying. Just holding the line at $66K like it knows something the rest of the market doesn't.