A quick take from a capital-flows perspective:
“Veteran bond market investor Bassman: If the 20-year Treasury yield rises to 6%, a ‘nightmare scenario’ will unfold”
After the news breaks, I’ll ask three questions about capital flows:
1. Which way are active buyers and sellers leaning?
2. Can trading volume for $BTC ($1.258 billion over 24 hours) continue to grow?
3. Are there any large on-chain transfers to exchanges?
Only when all three point in the same direction can we say the market has validated the news with capital flows; otherwise, it’s probably just a sentiment-driven fluctuation.
The headline is only the starting point. The market’s reaction is the real answer.
“Veteran bond market investor Bassman: If the 20-year Treasury yield rises to 6%, a ‘nightmare scenario’ will unfold”
After the news breaks, I’ll ask three questions about capital flows:
1. Which way are active buyers and sellers leaning?
2. Can trading volume for $BTC ($1.258 billion over 24 hours) continue to grow?
3. Are there any large on-chain transfers to exchanges?
Only when all three point in the same direction can we say the market has validated the news with capital flows; otherwise, it’s probably just a sentiment-driven fluctuation.
The headline is only the starting point. The market’s reaction is the real answer.