Entry note
HYG: Crypto liquidity and beta desk
Connects BTC, ETH, SOL, Coinbase, miners, and liquidity swings. iShares iBoxx High Yield Corporate Bond ETF is back near $309.35, so the desk marked it as actionable. If price loses $292.34, the idea gets downgraded quickly.
$309.35Entry
$292.34Risk rule
$329.46Focus