$TNX just broke out. 10-year yield ripping higher.
This matters for risk assets. When bonds sell off (yields up), liquidity tightens and risk appetite shrinks. Watch how crypto reacts—historically correlated to macro liquidity conditions.
If $TNX keeps climbing, expect volatility across the board. $BTC and alts could feel the pressure as capital rotates back into safer fixed income plays.
This matters for risk assets. When bonds sell off (yields up), liquidity tightens and risk appetite shrinks. Watch how crypto reacts—historically correlated to macro liquidity conditions.
If $TNX keeps climbing, expect volatility across the board. $BTC and alts could feel the pressure as capital rotates back into safer fixed income plays.
