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$GLD is up 13.8% in a month. $UUP is down 2.4%. $TLT is down 1.4%, while $SPY is up 3.6%. This is a structural repricing, not clean risk-on. If $HYG joins $TLT lower over the next few weeks, the risk is rates transmitting the shock into equities.#BTCETFInflowsSurge #ETHTests2500 #OKXOutcomeF1TI15Recap