Bitcoin ETF Relative Strength Index at 81… McGlone Warns of Potential Signal for Risk Assets
Original headline비트코인 ETF 상대지표 81…맥글론, 위험자산 신호 가능성 거론
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Bloomberg Intelligence senior commodity strategist Mike McGlone flagged a potential risk-asset signal after the relative performance ratio of BlackRock's iShares Bitcoin Trust ETF (IBIT) versus the iShares 20+ Year Treasury Bond ETF (TLT) fell to 81 on October 30, below its late-2024 baseline of 100. The gauge, which McGlone tracks on X, shows long-duration Treasuries have outperformed bitcoin for roughly two years. McGlone said the trend could serve as a signal for what lies ahead if bitcoin stays below $80,000 (~₩107 million). The analysis is conditional on BTC holding under that level, making the $80,000 threshold the key level to watch, along with whether the IBIT/TLT ratio stabilizes or extends its decline.
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Named in this story
iShares Bitcoin Trust ETF (IBIT), Mike McGlone, Bloomberg Intelligence, iShares 20+ Year Treasury Bond ETF (TLT), BlackRock (BLK)
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