The macro headwind is a yield problem
The 10-year Treasury yield reached 5.3% in early October while BTC was sitting close to support rather than resistance. When risk-free rates climb, speculative assets have to work harder to justify holding them. Watch the Fed and Treasury auctions as much as you watch the chart.
The 10-year Treasury yield reached 5.3% in early October while BTC was sitting close to support rather than resistance. When risk-free rates climb, speculative assets have to work harder to justify holding them. Watch the Fed and Treasury auctions as much as you watch the chart.