US 10-year Treasury yield hits 4.856%, its highest level since October 2023, and even a $6 billion buyback couldn’t bring it down. Oil prices at $97 are holding it up; inflation expectations simply can’t ease. Rate cuts from the Fed? Don’t even think about it. BTC is just milling around near 77K, and while the macro situation may not be your fault, it has to take the blame. In the short term, don’t expect an independent market move.

$BTC #宏观 #美债