Bitcoin has fallen for 5 straight days, its longest consecutive decline in 4 months. Over the past 5 days, it’s down 2.9%, and the current price is $83,994。
The real issue isn’t in crypto circles—it’s rising U.S. Treasury yields. Risk assets that don’t generate interest are all being drained.
What’s interesting is that Strategy bought 1,665 units last week at an average price of $85,681, which is higher than the current price. The company’s treasury hasn’t stopped, it’s just that macro now calls the shots. #BTC
The real issue isn’t in crypto circles—it’s rising U.S. Treasury yields. Risk assets that don’t generate interest are all being drained.
What’s interesting is that Strategy bought 1,665 units last week at an average price of $85,681, which is higher than the current price. The company’s treasury hasn’t stopped, it’s just that macro now calls the shots. #BTC