🚨 Bitcoin Dips as China Triggers Risk-Off Mode – Banks Ordered to Dump US Treasuries! 🚨
BTC just gave back some gains and is hovering around $70,350 after China told its major banks to reduce holdings and limit new purchases of US Treasuries. Reason? Concentration risks + rising market volatility in US debt. 📉
This move is fueling strong risk-off sentiment:
US 2-year & 10-year Treasury yields jumping higher
Traders paring positions → BTC 24h low hit ~$69,486
Futures open interest dropping (total BTC OI down >1% to ~$45.94B)
Trading volume -15% in the last day
Meanwhile, China's central bank keeps stacking gold (which just broke above $5,000 👀), signaling a shift away from dollar assets amid ongoing US-China tensions.
Is this a short-term dip or the start of bigger macro pressure on crypto? Risk assets like BTC feeling the heat from higher yields and geopolitical diversification plays.
What do you think – buy the dip or wait for clarity? Drop your thoughts below! ↓
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