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比特帝剧本哥
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暂停加息≠流动性转松
只要美债收益率还在高位
钱就依然贵，风险资产就有压力
对BTC真正关键的不是美联储说什么
而是美债收益率什么时候真正往下走
比特帝剧本哥
【Crypto Script】
#US Treasury yields keep hitting new highs, long-term rate pressure remains unresolved
I'm Script Bro. Right now, there's a pretty contradictory phenomenon in the market: everyone talks about rate hikes stopping, yet US Treasury yields keep climbing.
What does this mean?
The Fed not raising rates doesn't mean market rates will immediately drop.
The 10-year Treasury yield has reached about 5.3%, and the 30-year is even above 5.6%, meaning risk-free returns are now clearly on the table.
At this point, BTC and US stocks wanting to attract funds have to answer a very real question: why should anyone take on greater risk?
What's more notable is that borrowing costs for low-rated companies are getting increasingly expensive.
Simply put, big companies can still hold on, but smaller companies are starting to struggle.
So the real risk now isn't "whether the next rate hike will happen," but how long these high rates will hang overhead.
If it lasts for half a year or even longer, corporate financing, real estate, and risk asset valuations will all gradually be squeezed.
It's like the Fed saying "I won't hit you for now," but the market keeps hitting itself with a stick.
It's the same for BTC.
A pause in rate hikes is positive, but the real big gift is when market rates start to come down.
Until then, liquidity still isn't comfortable.
So don't just focus on what the Fed says; US Treasuries are the real votes with actual money from the market.
How long do you think this US Treasury rally will last?
Let's discuss in the comments. $BTC $ETH $ZEC
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