According to @rovercrc, the current Purchasing Managers' Index (PMI) backdrop suggests Bitcoin (BTC) is not near a market top. Source: Crypto Rover on X, Oct 5, 2025. PMI readings are interpreted around the 50 threshold, where above 50 indicates expansion and below 50 indicates contraction, providing a leading gauge of business conditions used by market participants to assess risk appetite. Source: Institute for Supply Management (ISM) PMI methodology; S&P Global PMI methodology. For trade timing, monitor the monthly ISM Manufacturing PMI and S&P Global US PMI prints released at the start of each month, as these are widely watched macro releases that inform positioning across risk assets including BTC via their read on growth momentum. Source: ISM release notes and calendar; S&P Global release notes and calendar. A constructive macro backdrop for trend-following BTC strategies is typically characterized by PMI holding above 50 and improving, whereas sustained deterioration in PMI has been used by traders as a de-risking signal. Source: ISM PMI interpretation guide; S&P Global PMI user guidance.

According to @rovercrc, PMI data drops today and traders should expect volatility. Source: @rovercrc on X, Oct 1, 2025. For US markets, key PMI release windows are 09:45 ET for the S&P Global US Manufacturing PMI (final) and 10:00 ET for the ISM Manufacturing PMI on the first business day of the month. Source: S&P Global; Institute for Supply Management. Crypto assets such as BTC and ETH have historically shown elevated intraday volatility around major macroeconomic data releases, underscoring the need for tighter risk controls near these time windows. Source: Kaiko Research.