The dollar and yields rise together—while Bitcoin first retreats
Over the past couple of days, U.S. long-term yields have surged again, the U.S. dollar index has climbed back above 101, and Bitcoin has retreated from its new high of 87,000 to around 84,500. ETH has also dropped back below 2,700. 😐
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What concerns me is that this time, it’s not crypto itself that’s in trouble—outside money is hiding in risk-free assets. Even if crypto is hot again, it still has to answer one question first: Why doesn’t the money go after risk-free interest rates?
So I’d like to ask everyone: Is this move being temporarily pushed down by interest rates, or was it supposed to take a breather at these elevated levels all along?
#美元指数时隔两月重上101
Over the past couple of days, U.S. long-term yields have surged again, the U.S. dollar index has climbed back above 101, and Bitcoin has retreated from its new high of 87,000 to around 84,500. ETH has also dropped back below 2,700. 😐
👉 关注我，点击进入聊天室，学习更多策略
What concerns me is that this time, it’s not crypto itself that’s in trouble—outside money is hiding in risk-free assets. Even if crypto is hot again, it still has to answer one question first: Why doesn’t the money go after risk-free interest rates?
So I’d like to ask everyone: Is this move being temporarily pushed down by interest rates, or was it supposed to take a breather at these elevated levels all along?
#美元指数时隔两月重上101
