👑 Bitcoin vs. Treasury Yields (May 2025)
• U.S. 30-Year Treasury Yield has risen to 5.02%, its highest since November 2023, signaling tighter financial conditions.
• Bitcoin’s 30-day correlation with gold has dropped to -0.54, showing it’s currently trading more like a risk asset than a safe haven.
• Implications for Bitcoin:
• Rising yields increase the opportunity cost of holding BTC, which can lead to short-term price pressure.
• The drop in gold correlation suggests reduced defensive appeal, potentially increasing volatility.
🔮 Short-Term Outlook:
• Bearish bias in the short term if yields stay elevated and macro risk appetite weakens.
• Watch for support around $102,000 and resistance near $107,000 for BTC.
