š MACRO SERIES: Bitcoin vs U.S. Bond Yields - An Overlooked Connection
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Most traders watch Bitcoin charts but ignore the bond market. Thatās a mistake - the U.S. 10-year Treasury yield is one of the strongest signals for crypto liquidity.
š When yields rise, money flows into safer assets, and risk appetite cools.
š When yields fall, liquidity rotates toward risk, and Bitcoin often rallies.
The chart below shows how $BTC and the 10-year yield have often moved in opposite directions since 2020. The link isnāt perfect - sometimes yields fall for the āwrong reasonsā (like growth fears) - but ignoring this macro signal leaves traders half-blind.
š” Takeaway: Add the 10Y yield to your dashboard. Itās not just āmacro noiseā - itās part of the liquidity cycle driving crypto.
š„ Do you track bond yields when trading crypto, or do you stick to price action alone?
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