Macro Signal Monday
Macro Signal Monday sets the tone for BTC capital flows at the start of the week. Follow along each Monday for the full Hope Metric signal breakdown and forward-looking capital flow context for BTC.
TLDR
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Hope Metric Score: 54.7 range (Neutral – top of range)
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BTC ETFs saw outflows of –$131.6M last week, ETH ETFs netted +$281M
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Institutional BTC treasury activity remains strong (Reitar, Strategy, others)
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Macro tone improving: VIX, yields, gold up; equity markets mixed
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Fed ON RRP pullback underway, mirroring March – April rotation
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Price – Sentiment divergence still active: R² at 0.10, sentiment not yet fully aligned with price
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Outlook: Consolidation holds unless flows and sentiment reaccelerate together
The Round Up
Markets opened the week on firmer footing. The VIX ticked down to 16.9, 10-year Treasury yields eased slightly to 4.47%, and gold gained 1%. Equities continued their steady climb, reflecting improved risk appetite even as macro data remains mixed and inflation expectations soften.
Bitcoin ETFs saw $131.6 million in
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