Crypto Macro Pulse — Real-Time Indicators & AI Market Analysis — 23.04.2026
Risk OffOIL AND WAR ARE KEEPING EVERYONE ON EDGE
🟡 Neutral — macro is steady, but anxiety has increased
The main shift of the day is a slightly more nervous backdrop in markets amid military uncertainty and rising oil prices: the VIX rose to 19.5 (+3.3% on the day), and short rates also ticked up (2-year 3.78%, +6 bps on the day). At the same time, the dollar is not adding pressure: DXY was unchanged on the day and slightly declined over the week (118.08, -0.65%), and the 10-year yield is flat (4.3%). Overall, this looks more like “caution” than a full-fledged risk-off move.
In crypto, momentum has cooled slightly: BTC’s daily performance is noticeably weaker, and 30-day volatility rose to 41.0%. At the same time, the demand picture remains constructive — weekly inflows into BTC ETFs remain very strong (about $1.25 bn over 7 days), although daily inflows have almost dried up (about $12 mn), making the market more sensitive to any spike in fear. BTC dominance remains at the highs of recent months (58.13%), meaning capital still prefers “quality” and is not rushing into altcoins; compared with yesterday’s scenario, this is more of a confirmation of a pause phase rather than a reversal.
WHAT TO WATCH
1) Reaction to geopolitics via the VIX: a sustained move above 20 will increase pressure on crypto.
2) Flows into BTC ETFs: it’s important that weak daily inflows do not turn into a series of outflows.
3) Preparation for the Fed meeting (in 6 days) and PCE (in 7 days): the market may start tightening expectations “in advance”.
Market State
All Indicators
| Event | Value | Change |
|---|---|---|
| US Dollar Index | 118.08 | — |
| US 10Y Treasury | 4.30% | — |
| US 2Y Treasury | 3.78% | — |
| US 10Y TIPS (Real Yield) | 1.92% | — |
| Fed Funds Rate | 3.64% | — |
| CPI (YoY) | 3.29% | — |
| Core CPI (YoY) | 2.60% | — |
| VIX | 19.50 | — |
| Yield Curve (10Y-2Y) | 0.52% | — |
| BTC Dominance | 58.13% | +0.07% |
| BTC Price | $77,936 | -0.84% |
| BTC Return 24h | 0.59% | -84.95% |
| BTC Return 7d | 3.98% | -17.08% |
| BTC Vol 30d (ann.) | 40.98% | -0.15% |
| Fear & Greed | 46 | +43.75% |
| Fed Balance Sheet | 6.71% | — |
| Treasury General Account | 751.35% | — |
| Reverse Repo | 0.54% | — |
| M2 Money Supply | 22.67% | — |
| Net Liquidity | 5,953.81% | — |
| BTC ETF Daily Flow | 11.84% | — |
| BTC ETF 7d Flow | 1,246.59% | — |
| BTC ETF AUM | 99.08% | — |