#美国10年期美债收益率逼近5.3%
US Treasury yields surge to 5.342%, the highest since 2002; yet Bitcoin stays above $84,000 and refuses to back down 🦖
🕐 最新解读群里更新
On Thursday, US stocks opened; at one point, the yield on the US 10-year Treasury touched 5.342%, the last time this level appeared was in April 2002. The 30-year yield also refreshed multi-year highs. At the same time, Bitcoin climbed above $84,000, up slightly on the day. Faced with the world’s most expensive cost of borrowing, it has stubbornly held its ground.
First, translate the numbers into plain language: 5.342% means the US government’s cost of borrowing has returned to levels from 24 years ago. As market concerns about government debt grow, Mahmood Pradhan, former Deputy Director of the IMF’s Europe department, told the media that global investors are now “very tense.” As yields keep rising, interest payments that countries have to make rise along with them.
Bitcoin’s reaction, in fact, has been more restrained than many people might expect. In August, the year-over-year PCE price index came in at 3.4%, below expectations, and the market barely got excited—analysts generally believe that a large part of this decline is due to changes in statistical measurement. Crypto analyst Benjamin Cowen put it more bluntly: “The bond market has revolted. Until the Fed truly gets inflation under control, this situation will likely keep going.”
On the technical side, the key levels indicated by liquidation data are $84,500 and $82,900. Over the past 24 hours, total net liquidations across the entire market were only about $25 million. Both bulls and bears are holding back, and price is being ground back and forth within a range. Rekt Capital reminds that Bitcoin will likely retest support around $82,500. “This pullback could get messy”—but he also says that as long as it’s defended, there’s still a chance to continue moving higher.
Let’s translate the key signal ⚖️: When the yield on the US 10-year Treasury gets close to 5.3%, pricing power is no longer in the crypto market—it’s in the bond market. With each step up in yields, the valuation pressure on risk assets increases. This week’s relatively soft PCE gives the bulls a chance to catch their breath, so what we’re seeing isn’t a crash, but “high-level consolidation—nobody dares to make the first move.” What truly matters now are two things: whether the 10-year yield can hold near 5.3% without surging higher again, and whether the $82,500 line can be defended. ⚠️
Do you think this move is rates weighing on Bitcoin, or Bitcoin waiting for rates to turn? Let us know your take in the comments.📈
Click the profile picture to watch the live stream
Every day, I’ll keep you on top of crypto macro hotspots—more than just reporting what happens in the news, I’ll help you understand the logic and opportunities behind it 👀🚀
US Treasury yields surge to 5.342%, the highest since 2002; yet Bitcoin stays above $84,000 and refuses to back down 🦖
🕐 最新解读群里更新
On Thursday, US stocks opened; at one point, the yield on the US 10-year Treasury touched 5.342%, the last time this level appeared was in April 2002. The 30-year yield also refreshed multi-year highs. At the same time, Bitcoin climbed above $84,000, up slightly on the day. Faced with the world’s most expensive cost of borrowing, it has stubbornly held its ground.
First, translate the numbers into plain language: 5.342% means the US government’s cost of borrowing has returned to levels from 24 years ago. As market concerns about government debt grow, Mahmood Pradhan, former Deputy Director of the IMF’s Europe department, told the media that global investors are now “very tense.” As yields keep rising, interest payments that countries have to make rise along with them.
Bitcoin’s reaction, in fact, has been more restrained than many people might expect. In August, the year-over-year PCE price index came in at 3.4%, below expectations, and the market barely got excited—analysts generally believe that a large part of this decline is due to changes in statistical measurement. Crypto analyst Benjamin Cowen put it more bluntly: “The bond market has revolted. Until the Fed truly gets inflation under control, this situation will likely keep going.”
On the technical side, the key levels indicated by liquidation data are $84,500 and $82,900. Over the past 24 hours, total net liquidations across the entire market were only about $25 million. Both bulls and bears are holding back, and price is being ground back and forth within a range. Rekt Capital reminds that Bitcoin will likely retest support around $82,500. “This pullback could get messy”—but he also says that as long as it’s defended, there’s still a chance to continue moving higher.
Let’s translate the key signal ⚖️: When the yield on the US 10-year Treasury gets close to 5.3%, pricing power is no longer in the crypto market—it’s in the bond market. With each step up in yields, the valuation pressure on risk assets increases. This week’s relatively soft PCE gives the bulls a chance to catch their breath, so what we’re seeing isn’t a crash, but “high-level consolidation—nobody dares to make the first move.” What truly matters now are two things: whether the 10-year yield can hold near 5.3% without surging higher again, and whether the $82,500 line can be defended. ⚠️
Do you think this move is rates weighing on Bitcoin, or Bitcoin waiting for rates to turn? Let us know your take in the comments.📈
Click the profile picture to watch the live stream
Every day, I’ll keep you on top of crypto macro hotspots—more than just reporting what happens in the news, I’ll help you understand the logic and opportunities behind it 👀🚀
