$BTC This time, U.S. Treasury yields really got the upper hand and pressed it down hard!

The 10-year U.S. yield surged at one point to 4.8172%.

The highest since November 1, 2023!

The 30-year also touched 5.3028%.

Long-end rates are already pushing up toward the market’s sensitive zone!

During the day, the 10-year U.S. Treasury yield hit a high of 4.8172% and then pulled back to about 4.78%; the 30-year peaked at 5.3028%. Since early March, the 10-year yield has risen by more than 80 basis points in total—this round of selling pressure in the bond market is clearly not something that happened just one or two days.

What the market is most sensitive to now is the psychological level of 5%. With high oil prices, persistent inflation stickiness, the U.S. fiscal deficit, and expectations of further rate hikes all pressing on long-end yields, if interest rates continue to move higher, valuations for tech stocks and Crypto will both be squeezed. Conversely, if the market starts to see a top and turns lower around 4.8%, BTC will be more likely to get a macro “breathing space” window.

#美国10年期美债收益率触及2023年11月来最高

4.8172% is already painful enough; what truly makes the market tense is whether the next move will slam it straight into 5%.

As long as Treasury yields turn around, this biggest macro pressure anchor for BTC can loosen its grip first!

Click the card below and get straight to it! 👇

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