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Arthur Hayes: Bitcoin Entering 'UP ONLY' Mode Amid Bond Chaos

Former BitMEX CEO Arthur Hayes believes Bitcoin is entering "up only mode," citing growing dysfunction in the $29 trillion U.S. Treasury market.

10-year Treasury yields surged to 4.59%,

The bond market saw its steepest weekly drop since 2019,

The U.S. Dollar Index (DXY) fell below 100—its worst performance in over two years.