Macro· ★★★· bearish·

Bitfinex: Rising Treasury Real Yields Pressure Bitcoin

  • —Rising real yields raise the opportunity cost of holding BTC
  • —Bitfinex sees risk of further spot Bitcoin ETF outflows
  • —October flagged as a critical test for Bitcoin demand
  • —Inflation and geopolitics are driving real and nominal yields
Why it matters: Higher Treasury yields pull capital away from Bitcoin and could deepen a correction if ETF demand keeps weakening.
Source: Coinfomania