المنشور

The 30-year Treasury yield has climbed to levels not seen since 2007, forcing markets to reprice long-duration risk. Even assets without cash flows—like crypto—are feeling the impact. Today's modest weakness in crypto may not fully reflect how much the macro environment has changed. What makes the picture more complex is earnings season. Despite weaker guidance, Amazon rallied 9%, while Microsoft added roughly $450B in market value in a single session. Right now, markets are rewarding the AI narrative and earnings momentum more than they're reacting to higher interest rates. Crypto doesn't currently have a comparable structural catalyst. On top of that, Strategy pausing its Bitcoin accumulation following an $8.2B Q2 book loss removes one steady source of demand. Until a new bullish catalyst emerges or bond yields begin to ease, the path of least resistance may remain to the downside. Not financial advice—just market analysis. #OKXOrbitTopics #30YYieldAt19YHigh #AMZNMissesButRallies