Treasury yields ripping higher but it's NOT inflation this time.
The narrative shifted. Real rates climbing = market pricing in stronger growth OR Fed staying hawkish longer than expected.
Translation for crypto: Risk assets get compressed when yields moon. $BTC and alts bleed when TradFi parking cash at 4-5% looks safer.
Watch the 10Y. If it breaks above resistance, expect more pain across the board. Liquidity tightens, degen plays get wrecked first.
This isn't your 2021 money printer environment anymore.
The narrative shifted. Real rates climbing = market pricing in stronger growth OR Fed staying hawkish longer than expected.
Translation for crypto: Risk assets get compressed when yields moon. $BTC and alts bleed when TradFi parking cash at 4-5% looks safer.
Watch the 10Y. If it breaks above resistance, expect more pain across the board. Liquidity tightens, degen plays get wrecked first.
This isn't your 2021 money printer environment anymore.