CPI came out overnight, and the market did something strange.
U.S. Treasury yields surged to 5.33% last night, then dropped straight back to 5.11% this morning.
With money getting cheaper, Bitcoin should have caught its breath. Instead, it didn’t rise—it kept falling, and is now at $81,000.
The problem isn’t that Treasury yields fell. It’s why they fell.
Normally, inflation cools, rate hikes stop, Treasury yields fall, investors feel confident putting money back into the market, and Bitcoin rises along with it. That’s not what happened today.
Today, stocks crashed, and people got spooked and rushed into Treasuries. All that money pouring in pushed yields down.
The Nasdaq fell 1.9% last night, its biggest drop since July. Asian markets continued the sell-off today: South Korea’s market fell 8% intraday, while Samsung and SK Hynix dropped more than 10%.
AI took the hardest hit, and the reason is simple:
AI companies are building data centers, mostly with borrowed money. When rates rise, they’re among the first to feel the strain.
This time, Bitcoin wasn’t treated as a safe haven—it was sold off along with tech stocks.
Mining companies that have shifted into AI computing fell as much as 13% last night.
So falling Treasury yields aren’t good news for Bitcoin. They’re a sign that the market is scared.
Oil hasn’t let up either. Brent is still hovering around $105, and fighting has broken out again around the Strait of Hormuz.
The IEA is meeting in Paris today to discuss whether to release 100 million barrels from its reserves. If they do, oil prices could ease a little—that’s the only bit of good news right now.
I said before that Treasury yields falling back below 5.2% would be a signal for Bitcoin to move higher.
We hit that level today, but I’m not buying it—the reason for the drop is wrong.
For Bitcoin to really rise, oil needs to come down first, inflation needs to follow, and then Treasury yields can fall—one link after another.
Until then, Bitcoin will keep moving with tech stocks. First, watch $80,000. #BTC跌破8.1万美元
U.S. Treasury yields surged to 5.33% last night, then dropped straight back to 5.11% this morning.
With money getting cheaper, Bitcoin should have caught its breath. Instead, it didn’t rise—it kept falling, and is now at $81,000.
The problem isn’t that Treasury yields fell. It’s why they fell.
Normally, inflation cools, rate hikes stop, Treasury yields fall, investors feel confident putting money back into the market, and Bitcoin rises along with it. That’s not what happened today.
Today, stocks crashed, and people got spooked and rushed into Treasuries. All that money pouring in pushed yields down.
The Nasdaq fell 1.9% last night, its biggest drop since July. Asian markets continued the sell-off today: South Korea’s market fell 8% intraday, while Samsung and SK Hynix dropped more than 10%.
AI took the hardest hit, and the reason is simple:
AI companies are building data centers, mostly with borrowed money. When rates rise, they’re among the first to feel the strain.
This time, Bitcoin wasn’t treated as a safe haven—it was sold off along with tech stocks.
Mining companies that have shifted into AI computing fell as much as 13% last night.
So falling Treasury yields aren’t good news for Bitcoin. They’re a sign that the market is scared.
Oil hasn’t let up either. Brent is still hovering around $105, and fighting has broken out again around the Strait of Hormuz.
The IEA is meeting in Paris today to discuss whether to release 100 million barrels from its reserves. If they do, oil prices could ease a little—that’s the only bit of good news right now.
I said before that Treasury yields falling back below 5.2% would be a signal for Bitcoin to move higher.
We hit that level today, but I’m not buying it—the reason for the drop is wrong.
For Bitcoin to really rise, oil needs to come down first, inflation needs to follow, and then Treasury yields can fall—one link after another.
Until then, Bitcoin will keep moving with tech stocks. First, watch $80,000. #BTC跌破8.1万美元