Skip to content
Yieldo
Crypto Analytics

Crypto Macro Pulse — Real-Time Indicators & AI Market Analysis — 23.04.2026

Risk Off

OIL 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

Market Phase
consolidation
Risk Level
elevated
Key Themes
geopolitical anxiety and oil as a source of short-term stress rotation in BTC amid strong weekly inflows into ETFs and weak daily flows

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%