BTC 84646, it dropped below 84K last night and then climbed back up—I saw a news article and finally understood why it’s so erratic.
U.S. Treasuries are collapsing: the 30-year yield jumped to the highest level since 2004, and rate-hike expectations have been climbing too. Money is being pulled back into the bond market—who would have the appetite to catch knives in crypto. They raised rates just once in September, and a lot of people were still calling for hikes to be “at the top,” but the bond market flipped first.
I honestly don’t understand the direction at all, but there’s one dumb rule I remember: when yields are skyrocketing, crypto has never been a safe haven. I didn’t add a single cent on the rebound—just watch and observe. Don’t imitate my indifferent act; to be honest, I’m not very confident in my own head either.
Do you think this is just a shakeout, or has the wind direction really changed? #BTC
U.S. Treasuries are collapsing: the 30-year yield jumped to the highest level since 2004, and rate-hike expectations have been climbing too. Money is being pulled back into the bond market—who would have the appetite to catch knives in crypto. They raised rates just once in September, and a lot of people were still calling for hikes to be “at the top,” but the bond market flipped first.
I honestly don’t understand the direction at all, but there’s one dumb rule I remember: when yields are skyrocketing, crypto has never been a safe haven. I didn’t add a single cent on the rebound—just watch and observe. Don’t imitate my indifferent act; to be honest, I’m not very confident in my own head either.
Do you think this is just a shakeout, or has the wind direction really changed? #BTC
