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Yieldo
Crypto Analytics

Crypto Macro Pulse — Real-Time Indicators & AI Market Analysis — 13.02.2026

Neutral

RATE SKEW IS PRESSURING CRYPTO

🟡 Neutral — macro is calm, but institutions are cutting risk

The main change of the day is the rise in short rates: the yield on 2-year Treasuries rose to 3.52% (from 3.45% yesterday), and the 10Y–2Y spread narrowed to 0.66. At the same time, the dollar is flat (118.24), and the fear index in the stock market is low (VIX 17.65) — meaning there is no external panic, but financial conditions are becoming slightly tighter specifically through the “short end”.

In crypto, the picture is mixed: BTC is holding around 66.4k, weekly dynamics are back in the green (+2.37%), and volatility continues to decline (30-day — 64.84%). But sentiment is still in the extreme fear zone (9), and this is confirmed by a reversal of flows in BTC ETFs: outflow of -276 million for the day, and a noticeable negative has accumulated over the week (-845 million) — compared to yesterday’s almost neutral picture, this is a step back. From yesterday’s “pause before CPI” scenario, the market has moved to a more nervous ожидание: the reaction to CPI today will decide whether the current stabilization becomes a base for a rebound or remains fragile.

WHAT TO WATCH

1) CPI today: a downside surprise can quickly improve the tone, an upside one will increase pressure via rates.
2) Flows in BTC ETFs: at least a return to zero/inflows is needed, otherwise the rise will be “without fuel”.
3) The 70k level for BTC: a return above is a signal that demand is dominating again.

Market State

Market Phase
consolidation
Risk Level
elevated

All Indicators

Event Value Change
US Dollar Index 118.24
US 10Y Treasury 4.18%
US 2Y Treasury 3.52%
US 10Y TIPS (Real Yield) 1.86%
Fed Funds Rate 3.64%
CPI (YoY) 2.65%
Core CPI (YoY) 2.65%
VIX 17.65
Yield Curve (10Y-2Y) 0.66%
BTC Dominance 56.49% +0.12%
BTC Price $66,359 +0.21%
BTC Return 24h -0.94% +45.98%
BTC Return 7d 2.37% -36.97%
BTC Vol 30d (ann.) 64.84% -13.12%
Fear & Greed 9 +80.00%
Fed Balance Sheet 6.62%
Treasury General Account 915.31%
Reverse Repo 2.84%
M2 Money Supply 22.41%
Net Liquidity 5,704.25%
BTC ETF Daily Flow -276.30%
BTC ETF 7d Flow -844.71%
BTC ETF AUM 85.76%

Economic Events

Date Event Expected Previous
Feb 11 CPI YoY 2.70
Feb 11 Non-Farm Payrolls 66.00 48.00
Feb 11 Treasury Auction 4.17
Feb 12 Treasury Auction 4.83
Feb 13 CPI YoY 2.50 2.70