The 30-year US Treasury yield just spiked to its highest since 2004, something most crypto folks are treating like background noise.
You ever FOMO into a $BTC pump only to realize later the macro was screaming sell? That's the pain a lot of traders are setting themselves up for right now with this yield action.
High long-term yields change the whole game. Capital doesn't have to sit in crypto anymore when it can earn real returns in bonds.
Last cycle this exact setup triggered a brutal rotation out of risk assets. $ETH dumped hard, even $USDT saw flows shift as people looked for better places to park cash.
Greed sitting at 73 just makes it worse because nobody wants to hear the warning until it's too late. The Fed looking at more hikes in October only adds fuel.
Anyone else seeing this as a potential liquidity trap or are we still full send?
#US30YearYieldHighestSince2004 #US10YTreasuryYieldHits19YearHigh #FedOctoberRateHikeOddsRiseTo69
You ever FOMO into a $BTC pump only to realize later the macro was screaming sell? That's the pain a lot of traders are setting themselves up for right now with this yield action.
High long-term yields change the whole game. Capital doesn't have to sit in crypto anymore when it can earn real returns in bonds.
Last cycle this exact setup triggered a brutal rotation out of risk assets. $ETH dumped hard, even $USDT saw flows shift as people looked for better places to park cash.
Greed sitting at 73 just makes it worse because nobody wants to hear the warning until it's too late. The Fed looking at more hikes in October only adds fuel.
Anyone else seeing this as a potential liquidity trap or are we still full send?
#US30YearYieldHighestSince2004 #US10YTreasuryYieldHits19YearHigh #FedOctoberRateHikeOddsRiseTo69
