🗣Hi folks. The market is red, but I think the real story isn’t just sales—it’s the rise in US bond yields.
🧙After strong PMI data, the 10-year US Treasury yield climbed to around 5.11%. As yields rise, the appeal of risk-free returns increases, and appetite for riskier assets like crypto declines.
🔸Bitcoin slipped from $87K to below $84K.
🔸Ethereum tested below $2,700.
🔸Long liquidations accelerated the drop.
🔸Despite this, demand for spot Bitcoin ETFs hasn’t completely vanished.
🧙In my view, in the short term, macro pressure + deleveraging could be the main driver; in the medium term, ETF demand might act as a balancing factor, friends. What do you think? I’m curious about your thoughts.
$BTC $ETH $BNB #BTC #BNB #ETH
🧙After strong PMI data, the 10-year US Treasury yield climbed to around 5.11%. As yields rise, the appeal of risk-free returns increases, and appetite for riskier assets like crypto declines.
🔸Bitcoin slipped from $87K to below $84K.
🔸Ethereum tested below $2,700.
🔸Long liquidations accelerated the drop.
🔸Despite this, demand for spot Bitcoin ETFs hasn’t completely vanished.
🧙In my view, in the short term, macro pressure + deleveraging could be the main driver; in the medium term, ETF demand might act as a balancing factor, friends. What do you think? I’m curious about your thoughts.
$BTC $ETH $BNB #BTC #BNB #ETH
