US 30-year Treasury yields hit 5.19% — highest since July 2007 (pre-Lehman crisis)
Market's pricing in 6%+ scenarios. Bond traders going full risk-off on USTs.
"Can't touch US bonds right now" — sentiment from institutional desks
What this means:
→ Higher yields = stronger dollar pressure
→ Risk assets (crypto included) face liquidity headwinds
→ If 6% breaks, expect violent rotations
TLDR: Macro's getting spicy. Watch BTC correlation to TLT closely. If bonds keep bleeding, crypto liquidity could tighten fast.