On this side, the 77,000 mark has broken, and I care more about the yield of the other leg.
US East 9/10:
The 30-year US Treasury yield touched about 5.353%, the highest since June 2007;
The 10-year was around 4.924%, also at a high level since November 2023.
Cointelegraph put it clearly: the Treasury Department just did about a $6 billion buyback on Wednesday, and the long end still surged upward.
On the same day, BTC broke below 77,000, with the intraday low around 76,660.
The supporting data was tough too: August PPI rose 5.4% year-over-year, WTI moved above roughly 100, and Brent was around 105+.
At that time, the CME FedWatch lifted the probability of a 25bp hike on 9/16 to about 69.8% (from about 61.2% the day before).
The Billion Finance Chinese report lines up as well.
Simple interpretation:
Long-end “risk-free” coupons above 5% compete for capital with BTC that doesn’t pay dividends.
This isn’t mysticism—it’s opportunity cost.
Tonight, US East 8:30 (Beijing 20:30) will also bring the August CPI—
the last key inflation report before the FOMC on 9/16.
A recheck of Binance this round (Beijing around 10:07): BTC≈76920 / ETH≈2452.
I think we shouldn’t rush to translate “breaking below the whole number” into a bottom-buying signal.
First see whether the CPI confirms the broad diffusion, then talk about sentiment.
Not investment advice.
#BTC #美债 #CPI
US East 9/10:
The 30-year US Treasury yield touched about 5.353%, the highest since June 2007;
The 10-year was around 4.924%, also at a high level since November 2023.
Cointelegraph put it clearly: the Treasury Department just did about a $6 billion buyback on Wednesday, and the long end still surged upward.
On the same day, BTC broke below 77,000, with the intraday low around 76,660.
The supporting data was tough too: August PPI rose 5.4% year-over-year, WTI moved above roughly 100, and Brent was around 105+.
At that time, the CME FedWatch lifted the probability of a 25bp hike on 9/16 to about 69.8% (from about 61.2% the day before).
The Billion Finance Chinese report lines up as well.
Simple interpretation:
Long-end “risk-free” coupons above 5% compete for capital with BTC that doesn’t pay dividends.
This isn’t mysticism—it’s opportunity cost.
Tonight, US East 8:30 (Beijing 20:30) will also bring the August CPI—
the last key inflation report before the FOMC on 9/16.
A recheck of Binance this round (Beijing around 10:07): BTC≈76920 / ETH≈2452.
I think we shouldn’t rush to translate “breaking below the whole number” into a bottom-buying signal.
First see whether the CPI confirms the broad diffusion, then talk about sentiment.
Not investment advice.
#BTC #美债 #CPI
