🚨 US 30 year Treasury yields just hit their highest level since 2004. 👀📈
And crypto traders may want to pay attention.
When long term Treasury yields rise sharply, traditional fixed income becomes more attractive while borrowing costs can move higher.
That can create pressure on risk assets like BTC and ETH, especially if the dollar and broader financial conditions tighten.
And there’s another piece of the puzzle:
🇺🇸 Markets are also pricing a higher chance of another Fed hike in October.
None of this guarantees a crypto selloff.
But it does create a tougher macro environment for risk assets.
🧠 The key isn't just Bitcoin's chart anymore.
Watch Treasury yields, the dollar, liquidity and Fed expectations together.
👀 Is this a temporary macro headwind, or could rising yields trigger a bigger risk asset rotation?
