Crypto Macro Pulse — Real-Time Indicators & AI Market Analysis — 07.02.2026
NeutralBTC REBOUND AMID FALLING YIELDS
🟡 Neutral — macro has softened, but fear and outflows are holding the market back
The main change of the day is a noticeable decline in yields: 10-year Treasuries fell to 4.21% (from 4.29% yesterday), 2-year — to 3.47% (from 3.57%), and the real yield also declined to 1.89% (from 1.94%). This usually makes life easier for risk assets, but VIX simultaneously jumped to 21.77 (from 18.64) — nervousness in the markets increased, so the “rate softening” effect is not yet turning into steady demand.
In crypto — a sharp rebound: BTC rose to $70,663 (yesterday $64,823, +9.01% in 24 hours), but the picture remains fragile: over the week it’s still around -15.7%, and the fear and greed index collapsed to 6 (extreme fear). At the same time, outflows from BTC ETFs have not eased: about -$434M for the day and roughly -$2.04B over 7 days, plus a noticeable decline in total ETF assets ($80.76B versus $93.51B yesterday). Compared to yesterday’s scenario of “correction due to ETFs and panic,” today an important nuance was added: the macro backdrop has become a bit softer, but institutional flow is still against the market — therefore the rebound looks more like a breather than a reversal. The nearest catalyst is the data block on February 11–13 (NFP, CPI and Treasury auctions): it is the reaction of yields and the dollar to these events that will determine whether the recovery will consolidate.
WHAT TO WATCH
1) US yields: continued decline in 2Y/10Y may support BTC’s recovery.
2) BTC-ETF flows: without a fading of weekly outflows, rebounds will be vulnerable.
3) February 11–13 (NFP, CPI, auctions): risk of sharp moves and a “reflashing” of rate expectations.
Market State
All Indicators
| Event | Value | Change |
|---|---|---|
| US Dollar Index | 117.90 | — |
| US 10Y Treasury | 4.21% | — |
| US 2Y Treasury | 3.47% | — |
| US 10Y TIPS (Real Yield) | 1.89% | — |
| Fed Funds Rate | 3.64% | — |
| CPI (YoY) | 2.65% | — |
| Core CPI (YoY) | 2.65% | — |
| VIX | 21.77 | — |
| Yield Curve (10Y-2Y) | 0.74% | — |
| BTC Dominance | 57.00% | -0.28% |
| BTC Price | $70,663 | -0.89% |
| BTC Return 24h | 9.01% | -23.06% |
| BTC Return 7d | -15.73% | -3.83% |
| BTC Vol 30d (ann.) | 66.31% | -13.47% |
| Fear & Greed | 6 | -33.33% |
| Fed Balance Sheet | 6.61% | — |
| Treasury General Account | 908.77% | — |
| Reverse Repo | 3.11% | — |
| M2 Money Supply | 22.41% | — |
| Net Liquidity | 5,694.02% | — |
| BTC ETF Daily Flow | -434.15% | — |
| BTC ETF 7d Flow | -2,036.43% | — |
| BTC ETF AUM | 80.76% | — |
Economic Events
| Date | Event | Expected | Previous |
|---|---|---|---|
| Feb 6 | Non-Farm Payrolls | 67.00 | 50.00 |