đšđš This sell-off isnât just about $BTC .
Itâs hitting the broader markets.
đ» The U.S. stock market has lost roughly $1 trillion in market value.
đ» In just 4 hours, $274M in long positions have been liquidated.
So whatâs driving the sell-off?
âą The U.S. 10-year Treasury yield surged above 5%, reaching its highest level since 2007.
âą U.S. business activity came in stronger than expected, raising fresh concerns about inflation and the possibility of further rate hikes.
âą Geopolitical tensions are rising again after Iranian President Masoud Pezeshkian told the UN that Iran would never surrender to the U.S.
In other wordsâŠ
This isnât simply a Bitcoin problem.
Itâs a broader risk-off move driven by:
Higher yields.
Higher oil.
Inflation fears.
Geopolitical uncertainty.
And the funny part?
Plenty of analysts had already predicted that the Iranian president would say something like thisâŠ
And that Treasury yields could break above 5%. đ€Ą
Yet somehowâŠ
The market still needed to price it in.
Itâs hitting the broader markets.
đ» The U.S. stock market has lost roughly $1 trillion in market value.
đ» In just 4 hours, $274M in long positions have been liquidated.
So whatâs driving the sell-off?
âą The U.S. 10-year Treasury yield surged above 5%, reaching its highest level since 2007.
âą U.S. business activity came in stronger than expected, raising fresh concerns about inflation and the possibility of further rate hikes.
âą Geopolitical tensions are rising again after Iranian President Masoud Pezeshkian told the UN that Iran would never surrender to the U.S.
In other wordsâŠ
This isnât simply a Bitcoin problem.
Itâs a broader risk-off move driven by:
Higher yields.
Higher oil.
Inflation fears.
Geopolitical uncertainty.
And the funny part?
Plenty of analysts had already predicted that the Iranian president would say something like thisâŠ
And that Treasury yields could break above 5%. đ€Ą
Yet somehowâŠ
The market still needed to price it in.
