CAUTIOUS
Crypto
Same Job, New Face: The Yield Ceiling Behind Bitcoin’s Next Leg
A ten-year yield near five percent forced the last Treasury to drain $2.4T quietly. The new one just fired its first shot with a $20B buy back surprise.
A ten-year yield near five percent forced the last Treasury to drain $2.4T quietly. The new one just fired its first shot with a $20B buy back surprise.
A weekly ending diagonal aimed at 50K looked defensible until this rally. Wave geometry says it broke, weekly volume says wait, three trades stay open.
Bitcoin's stall near 80K reads like a top forming, but the recent tape looks more like a two-sided liquidity sweep than the start of a real bear leg.
Bitcoin punched through the 67.4K ceiling after two months of narrow range trade. Four pattern checks argue the reversal usually waits weeks.
Korean demand left bitcoin in May. Then the stocks it moved into fell more than 40%, and the kimchi premium still has not crossed zero.