US 30-year Treasury yield just hit 5.35% — highest since June 2007.
This matters for $BTC. Higher long-term yields tighten financial conditions across the board. Risk assets lose their edge when you can lock in 5%+ on government paper for three decades. Speculative flows dry up, leverage gets expensive, and the opportunity cost of holding non-yielding assets like Bitcoin starts to bite.
Not a direct kill switch, but it's a macro headwind that compounds. If yields keep climbing, expect more pressure on risk-on positioning. Watch how price reacts if this level holds — could force a repricing of the entire risk curve.
This matters for $BTC. Higher long-term yields tighten financial conditions across the board. Risk assets lose their edge when you can lock in 5%+ on government paper for three decades. Speculative flows dry up, leverage gets expensive, and the opportunity cost of holding non-yielding assets like Bitcoin starts to bite.
Not a direct kill switch, but it's a macro headwind that compounds. If yields keep climbing, expect more pressure on risk-on positioning. Watch how price reacts if this level holds — could force a repricing of the entire risk curve.
