Bitcoin is experiencing a critical point of "financial role reshaping."
Recently, Bitcoin has shown a significant decoupling from the yields of US Treasury bonds, rendering traditional safe-haven logic ineffective. In the past, high yields meant capital flowing back to US Treasuries, putting pressure on Bitcoin; however, now, Bitcoin is going against the tide, with its trend becoming more independent.
This is not a coincidence but a structural turning point: Bitcoin is evolving from a "speculative asset" to a "strategic asset." Institutional holdings are stable, ETFs continue to attract capital, and the turning point in monetary policy remains uncertain... This cycle is fundamentally different from previous ones.
Remember: real financial changes always start with decoupling, followed by re-pricing.
