Draft release: This indicator shows the US 10year bond returns.
I was inspired by this Twitter thread: twitter.com/GameofTrades_/status/1472616620690485251 If you compare the price action of Bitcoin against bond returns over the last year, there's an extraordinary degree of correlation. This may give insights into what's coming next for BTC, but at some point the relationship will inevitably break down. In the meantime, there's much to gain.
DYOR.
Feedback welcome though it may take a while for me to respond.