10-year Treasury just broke 5.2% — highest in 19 years. That's a real headwind for $BTC and crypto.
When risk-free yield climbs like this, capital flows out of speculative assets. Financial conditions tighten. Leverage gets tested. We've seen this cycle before.
Doesn't mean immediate collapse, but elevated yields create sustained pressure. Liquidity is the fuel — and right now it's getting pulled toward bonds.
Stay disciplined. Watch your stops. Macro matters, and this is a macro shift you can't ignore.
When risk-free yield climbs like this, capital flows out of speculative assets. Financial conditions tighten. Leverage gets tested. We've seen this cycle before.
Doesn't mean immediate collapse, but elevated yields create sustained pressure. Liquidity is the fuel — and right now it's getting pulled toward bonds.
Stay disciplined. Watch your stops. Macro matters, and this is a macro shift you can't ignore.
