issue-02 - Hashpoint Magazine

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issue-02

A collection of 5 posts

The Compression

The Compression

Bitcoin holds $73,771 inside a 700-point band. Treasury yields hit their highest since 2007. Strategy bought bonds, not Bitcoin. Three mechanisms — ETF flows, the STRC funding apparatus, and the macro ceiling — are all pointing the same direction. The compression began before most people noticed it. Bitcoin did not crash

The BitVac Pauses

The BitVac Pauses

Strategy bought bonds, not Bitcoin, this week. The mechanics of why — and what "the BitVac is charging" actually means for the week ahead. Four words. That is all it took to move the institutional demand picture for Bitcoin this week. "Bought bonds, not bitcoin." Michael Saylor

The 2007 Number

The 2007 Number

The 30-year Treasury yield hit 5.197% on May 20. Its highest since July 2007. What that number means for Bitcoin, and why bond market volatility is the variable that matters most right now. The equity market is calm. The VIX sits at 15.32. By that measure, this is

Six Days Out

U.S. spot Bitcoin ETFs posted six consecutive days of outflows and $1.42 billion in weekly exits. The year-to-date net inflow figure for 2026 has shrunk to $536 million. What the flow data actually says. The nine-session inflow streak that defined early May is a distant memory. U.S.

The Hashpoint

Where Bitcoin sits in its long-run structural envelope. The simplest version of what the data says. And what we watch for in the week of June 1. Every issue of Hashpoint Magazine ends the same way: with the simplest version of what the structural data says. No narrative framing. No