$BTC BlockBeats news, on June 15, Cryptoquant analyst Darkfost released a market analysis stating that macroeconomics has become the dominant narrative in today's cryptocurrency market. As a result, key indicators such as the U.S. Dollar Index (DXY) and U.S. Treasury yields are now closely monitored by investors, reflecting the overall state of institutional sentiment and global liquidity. When DXY and bond yields rise simultaneously, capital tends to exit from risk assets. In this environment, Bitcoin usually experiences a pullback. Historically, bear markets in cryptocurrencies often coincide with a strong upward trend in yields and DXY.