Kwiveki ephelileyo i-10-year yield iqalisile ukutyhala isondele ku-5% ngelixa uninzi lwabarhwebi be-crypto bahlala bencanyathiselwe kwiikhandlela eziluhlaza kwaye bengahoyi ngokupheleleyo imarike yebhondi.

Intlungu yokwenene kukuba udityaniswa (liquidated) kwi-levaged $BTC longs ngenxa yokuba uziphathe i-yields ezikhulayo njengengxolo yangasemva. Uyanyamezela kulo mzuzu wokutyibilika, emva koko i-unwind iyabetha kwaye akubikho ndlela ecocekileyo yokuphuma.

Oku akusosiqhushumbisi nje. Xa i-10-year isondela ku-5%, inyusa umqobo (hurdle rate) kuyo yonke i-asethi enomngcipheko. Iimali ebezinandipha ukuhlala kwi-crypto ngoku zinezinye ezikhuselekileyo nezibonelela ngembuyekezo ephezulu, kwaye ngokwembali oku kutsala ubumanzi (liquidity) ngaphandle kwe-$BTC kuqala emva koko yonke enye indawo (complex). Ukungena kwe-$USDT kuhlala kukhawulezisa njengoko izikhundla zivala kwaye abarhwebi bapaka imali. Kwimarike esekwisimo se-Fear & Greed 68, le rotation ihlala ifike ngokukhawuleza kunokuba abantu beqikelela. Ii-alts ezazisele zibhityile kwi-liquidity, kuquka amagama afana ne-$FIL , zihlala ziziva uxinzelelo ngakumbi.

I-2-year ekhuphuka ngexesha elifanayo iqinisa nokubophelela (noose) ngakumbi. Uninzi lwabantu luphoselekile kwiseti yokugqibela efanayo kuba babexakekile bebaleka bechasing nantoni na ebipompa. Isifundo kukuba xa ii-Treasuries ziqala ukukhuphisana, ukusebenzisa i-overleverage yeyona ndlela ikhawulezayo yokuphulukana nemali.

Ucinga le nto iya kuya phi ukusuka apha ukuba i-10-year ngokwenene iprintaa 5?
#US10YearTreasuryYieldNears5 #US2YearYieldRisesTo4 #CryptoLiquidations