Falling term premium = bullish setup for risk assets.
Scott's take: When rates drop because of shrinking term premium (not just Fed cuts), that's the sweet spot for crypto and equities.
Why? Lower term premium = less compensation needed for holding long-duration assets = more capital flowing into risk-on plays.
TL;DR: Watch term premium, not just headline rates. If it's compressing, expect liquidity to hunt yield in $BTC $ETH and alts.
Scott's take: When rates drop because of shrinking term premium (not just Fed cuts), that's the sweet spot for crypto and equities.
Why? Lower term premium = less compensation needed for holding long-duration assets = more capital flowing into risk-on plays.
TL;DR: Watch term premium, not just headline rates. If it's compressing, expect liquidity to hunt yield in $BTC $ETH and alts.