✉news BusinessCrypto first seen 14 h ago, last 43 min ago, peak #8
Bitcoin Traders Turn Bearish as Treasury Yields Climb
Original: Bitcoin traders chase shorts as rising Treasury yields weigh over gold
Bitcoin traders are increasingly positioning for declines as rising US Treasury yields pressure risk assets, with gold also coming under strain from higher borrowing costs. Market watchers say the climb in yields is making safe, yield-bearing assets more attractive, dampening appetite for non-yielding holdings like bitcoin and bullion, and fuelling short-selling activity across crypto markets.
Why now: Rising US Treasury yields are shifting sentiment against bitcoin and gold, prompting traders to bet on price declines.
BitcoinUS TreasurygoldCoinDesk
Rank over time, top of the chart is #1. 4 snapshots from 4 h ago to 43 min ago.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/220302