US long-term borrowing costs just hit a 24-YEAR high.
Monday: 10Y Treasury yield peaked at levels not seen since April 2002. 30Y yield hit highs last seen in May 2002.
Today: 10Y at ~5.28%, 30Y at ~5.64% after a tiny ~3bp pullback.
This is macro pain. Higher yields = tighter liquidity = risk-off across the board. Crypto doesn't move in a vacuum. When TradFi bleeds, we feel it. Watch $BTC correlation to bonds closely—if yields keep climbing, expect more downside pressure on alts.
Liquidity is drying up. Position accordingly.
Monday: 10Y Treasury yield peaked at levels not seen since April 2002. 30Y yield hit highs last seen in May 2002.
Today: 10Y at ~5.28%, 30Y at ~5.64% after a tiny ~3bp pullback.
This is macro pain. Higher yields = tighter liquidity = risk-off across the board. Crypto doesn't move in a vacuum. When TradFi bleeds, we feel it. Watch $BTC correlation to bonds closely—if yields keep climbing, expect more downside pressure on alts.
Liquidity is drying up. Position accordingly.