Oil prices are soaring, bonds are crashing, and gold is starting to wobble too.
The most surreal moment on today’s market screen: the U.S. 10-year Treasury yield hit 5.29%, jumping 87 basis points in a single quarter—its worst quarter since 1994. TLT even slid below its historical lows. Bonds haven’t been this thrilling in decades.
On the other side, Trump says he’s got the Strait of Hormuz “completely under control,” yet on Tuesday, three oil tankers were still hit. WTI is above $91, Brent is near $99. The U.S. is also pressuring France and Germany to release their diesel reserves—release it or face threats of a ban. Iran talks have also broken down, and diplomats were directly expelled from New York.
Here’s my take: geopolitical conflict + a bond selloff—at its core, the market is re-pricing faith in fiat currency. A $20 pullback from gold at 4155 isn’t surprising, but the narrative around “hard assets” like gold and $BTC can only get harder. Short-term risk assets will likely feel awful, but money has to go somewhere, right?
$BTC $ETH moving in sync with risk assets is completely normal—don’t panic, and don’t get carried away. Save your bullets.
NFA DYOR
#比特币 #以太坊 #宏观 #地缘政治 #Cryptocurrency
The most surreal moment on today’s market screen: the U.S. 10-year Treasury yield hit 5.29%, jumping 87 basis points in a single quarter—its worst quarter since 1994. TLT even slid below its historical lows. Bonds haven’t been this thrilling in decades.
On the other side, Trump says he’s got the Strait of Hormuz “completely under control,” yet on Tuesday, three oil tankers were still hit. WTI is above $91, Brent is near $99. The U.S. is also pressuring France and Germany to release their diesel reserves—release it or face threats of a ban. Iran talks have also broken down, and diplomats were directly expelled from New York.
Here’s my take: geopolitical conflict + a bond selloff—at its core, the market is re-pricing faith in fiat currency. A $20 pullback from gold at 4155 isn’t surprising, but the narrative around “hard assets” like gold and $BTC can only get harder. Short-term risk assets will likely feel awful, but money has to go somewhere, right?
$BTC $ETH moving in sync with risk assets is completely normal—don’t panic, and don’t get carried away. Save your bullets.
NFA DYOR
#比特币 #以太坊 #宏观 #地缘政治 #Cryptocurrency