$BTC CryptoQuant analyst Darkfost has observed a significant shift in how macroeconomic factors are influencing the cryptocurrency market. Traditionally, investors closely monitor indicators such as the $USDC Index (DXY) and $USDC Treasury yields, as rising values in both typically signal a move away from risk assets like Bitcoin, often triggering market pullbacks.

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Historically, crypto bear markets have coincided with rising yields and a strong DXY. Conversely, when these indicators lose steam—often amid expectations