🚀DeFi lovers, gather 'round! Bitcoin is chilling near $66,000, but the CoinDesk20 Index hints at a broader market weakness. 📉

😅Crypto futures rates & open interest have dropped, signaling a possible end to a 2-month rally. Blame it on resurgent Treasury yields & the Fed's potential delay in rate cuts. 🏦

💰Bitcoin's dip to $65,000 is mostly due to macro outlook on interest rates & rising Treasury yields. Higher interest rates = less appetite for risk. 🎲

🤔Bettors on Polymarket are split on whether a rate cut will happen in June, but most are certain it'll happen in the fall. 🍂

💸Over $245M in long positions have been liquidated in the last 24 hours, with $60M in BTC positions getting rekt. Ouch! 😵

🔮Some trend followers might see this downturn as the end of a 2-month-long rally. What do you think? Share your thoughts in the comments! 🗣️