$BTC ! This bomb exploded and you probably didn't notice!
I still wonder why this didn't affect BTC in a catastrophic way.
In April 2025, U.S. Treasury bonds, traditionally considered safe assets, faced an unprecedented massive sell-off since 2020. The yields on 30-year bonds briefly exceeded 5%, reflecting a drop in demand and an increase in financing costs for the U.S. government. This situation was driven by investor concerns over the new tariffs implemented by the Trump administration, which could lead to a recession and limit the Federal Reserve's response capacity.
Moreover, the U.S. public debt reached $36 trillion, representing 127% of GDP, with 25% of this debt maturing within the year. The possibility that countries like China, which holds $760 billion in U.S. bonds, reduce their holdings increased uncertainty. In response, the Treasury Department considered improvements to its debt buyback program to stabilize the market.
This crisis called into question the reliability of Treasury bonds as a safe haven, generating volatility in financial markets and challenging the credibility of the U.S. financial system.