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  软糯糯Sep 8, 2026, 06:11 AM

  Yes, it's bearish—rising Treasury yields and a stronger dollar add pressure. The bond market is reacting to changing interest rate expectations, with the US 10-year Treasury yield briefly hitting around 4.784%. When yields rise, interest-bearing assets become more attractive than BTC, which has no native yield, and a stronger dollar could pose another headwind for risk assets.

  软糯糯:Yes, it's bearish—rising Treasury yields and a stronger dollar add pressure. The bond market is reacting to changing interest rate expectations, with the US 10-year Treasury yield briefly hitting around 4.784%. When yields rise, interest-bearing assets become more attractive than BTC, which has no native yield, and a stronger dollar could pose another headwind for risk assets.