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- 1Traders flag a Friday Bitcoin trap as oil and yields moved▼Friday's Bitcoin trap: DXY sat still, oil and yields did not for BYBIT:BTCUSDT.P by SignalPilotLabs
Market analysts are pointing to a possible Bitcoin trap on Friday, arguing that while the dollar index (DXY) barely moved, oil prices and bond yields shifted enough to mislead traders. The claim suggests Bitcoin's price action on the BYBIT BTCUSDT perpetual contract may have been driven by moves in commodities and yields rather than currency strength, catching out traders who relied on DXY alone.