A $25B US 30-year Treasury sale is the next test for $BTC, now at $73,484.
CryptoSlate notes the sale follows weaker demand at the 10-year auction. Its read: Bitcoin's risk is tied to yields and financing conditions.
Weak bids can push yields higher, and that usually squeezes risk assets.
👀 Will $BTC care about bond demand more than ETF flows?
#Bitcoin
CryptoSlate notes the sale follows weaker demand at the 10-year auction. Its read: Bitcoin's risk is tied to yields and financing conditions.
Weak bids can push yields higher, and that usually squeezes risk assets.
👀 Will $BTC care about bond demand more than ETF flows?
#Bitcoin
