$BTC TREASURY MELTDOWN ISN’T DONE ⚠️

Morgan Stanley says the U.S. Treasury sell-off looks like a forced unwind in 2-year notes as traders dump Fed cut bets and start pricing hikes. Front-end liquidity has deteriorated hard since February 28, while 10-year bonds stay relatively stable — wider spreads and thin volume signal necessity selling, not conviction. Watch for spillover into risk assets.

Not financial advice. Manage your risk.

#Crypto #Bitcoin #Macro #Liquidity #Treasury

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