According to data from CryptoQuant, Bitcoin is showing signs of decoupling from traditional macro factors. Despite U.S. bond yields (5-year, 10-year, 30-year) being at historically high levels and the DXY (US Dollar Index) being highly volatile – factors that usually cause risk assets like crypto to correct – BTC price continues its upward trend.
Typically, when DXY and bond yields rise together, the crypto market tends to decline as money flows out of risk assets. Conversely, when these two indicators weaken, expectations of loose monetary policy will stimulate money to return to the market.
However, the current cycle is showing a decoupling: Bitcoin continues to rise even when yields are high. This suggests that BTC is increasingly being viewed as a store of value asset, rather than just a speculative asset sensitive to macro fluctuations.
Disclaimer: This article is for informational purposes only and is not investment advice. Investors should do thorough research before making decisions. We are not responsible for your investment decisions.
