U.S. junk bond spreads widen 4 percentage points YTD, $BTC -0.3%—who's still holding the line? U.S. high-yield bond yields have widened by over 4 percentage points YTD, and the blade of tighter financing has already emerged, yet $BTC is only down -0.3%—current price 85601.1. I don't buy the divergence; the direction is outright bearish. First, funds are rotating early: the funding rate turned negative at -1.798e-05, OI 95343.96 is down -0.01% from the archived figure, and the long-to-short account ratio is 1.0864. Longs have not mounted an organized counterattack. Second, the structure is deteriorating: the daily chart has fallen for 2 consecutive days, with highs declining steadily. Only 32 of 50 coins are up, the median change is -0.677%, crypto-related stocks average -1.56%, and the volume ratio is 0.861, indicating a low-volume grind lower. Third, credit transmission: widening spreads are a leading signal of risk appetite. After the event, $BTC drifted from 85624.0 to 85598.68, declining only -0.03%; room for a catch-up drop remains. The counterevidence is right on the table: the daily RSI at 64.5 remains in the relatively strong zone, the Fear & Greed Index is 73, and sentiment has not collapsed while prices have softened first—someone is using sentiment to unload. Resistance above: 85649.95, with 86698.99 further overhead. Support below: 85136.11; if breached, watch 84972.01. A rebound below 85649.95 is a short entry point, with a stop-loss at 86717.6 and a target of 85136.11. Follow me, and I'll alert you immediately when the level breaks. $BTC

🚨 MAJOR MARKET EVENT TODAY BE READY! 🚨 The FOMC Meeting Minutes drop today and this could bring serious volatility to Bitcoin, crypto, stocks & the US Dollar. Remember: at the September meeting, the Fed raised rates by 25 bps. Today’s minutes will reveal what was happening behind closed doors how worried the Fed is about inflation and what policymakers may do NEXT. 👀 🔥 FOMC MINUTES — OCTOBER 7 🇮🇳 India — 11:30 PM ⚠️ TRADERS, MARK THIS TIME. A hawkish surprise could pressure risk assets. A softer/dovish tone could give BTC and altcoins fuel. Expect volatility around the release don’t enter blindly right before the news. 🔥