
Why Bitcoin bulls shouldn’t mistake a shrinking dollar reserve share for central bank buying
The New York Fed’s Sept. 2 analysis separates currency choices from reserve-size changes, leaving sovereign Bitcoin demand unproven.
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The ECB may strengthen the euro and weaken DXY, but elevated real yields and tight credit could leave BTC’s funding backdrop unchanged.

Brent touched $99.46 after reported Saudi energy disruptions, while Friday's CPI measures August prices.

Cloud customers accounted for about 74% of August’s production increase, while company holdings recovered only part of July’s decline.

The Sept. 7 return replenished the federation wallet, but Blockstream still listed a public bridge outage the following morning.

UBS now expects two Fed rate hikes this year, extending Bitcoin’s macro headwind through December.

A live reading is already 18, showing why institutions need more than one decentralization metric.



