We usually blame central banks for high yields, but a surprising new culprit is emerging: AI infrastructure debt. As tech giants borrow heavily to fund massive data centers, Treasury yields stay elevated even as the Fed pauses rate hikes. For crypto, this macro pressure acts as a persistent headwind for Bitcoin liquidity. While stocks absorb the shock through strong earnings, risk-off sentiment often hits digital assets first. Keep an eye on tech debt trends—they now directly impact crypto prices. $BTC #MacroEconomics #Bitcoin #ArtificialIntelligence