Bitcoin Liquidity Outlook Tied to Bond Yields and Stablecoins
Original title: Bitcoin Is About to Get a Massive Liquidity Boost, Here's why
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Summary
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Key points
- Bond yields broke out after a failed Treasury auction exposed a deeper demand problem.
- Rising yields could force Scott Bessent to take increasingly aggressive action to support the system.
- Stablecoins, Treasury demand and liquidity are linked to the next major move in Bitcoin (BTC) and crypto.
- The discussion asks whether BTC can hold its 50-week moving average at $78,800.
- The 30-year Treasury yield hit a 23-year high at 5.4%.
- Hot PMI data at 57 points sparked fresh inflation fears.
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