Bitcoin (BTC) enters the input of “Up Only Mode” by former Bitmex CEO Arthur Hayes, since the deepening crisis of the US bond market leads investors to traditional refuge assets and alternative value storage.
Improves the outlook for Bitcoin loss of trust in US policy.
On April 11, the US 10 -year financial yield surged to more than 4.59%.
The US 10 -year Treasury Note creates a daily performance chart. Source: TradingView
The US Treasury Market, worth $ 29 trillion, has decreased by more than 2% this week. This was due to the steepest decline since September 2019, and the Federal Reserve’s Board of Directors had to intervene due to the liquidity crisis of the Lipoji Tory Market.
Unpredictable tariffs on US President Donald Trump have been confused. Trump threatened to be swept away by global trading partners and then followed many measures within a few days of certain countries except China.
The US dollar has been added to pressure with the strength of the highest foreign currency basket, as it was traced by the US dollar index (DXY), which fell to less than 100 points for the first time since 2022.
US dollar index daily performance chart. Source: TradingView
It has more than two years of worst weekly decrease.
In contrast, Bitcoin has reached about $ 83,250, hoping that Korean policy makers will act due to weakened macro economic conditions, rising by more than 4.50% on the US bond market route.
In the X post on April 11, Hayes added:
“We will get more policy response this weekend this weekend. We are going to enter the dedicated mode for $ BTC.”
In addition, bond traders are currently pricing at least three interest rates by the Federal Reserve Bank by the end of the year, and fourth place is increasing. Bitcoin’s fare cuts were historically optimistic.
The probability of target rate of the Fed in December. source: Cme
Bitcoin Eye ‘Parabolic Bull Run’ is due to weak dollars
According to the Crypto analyst venture founder, the rapid drop in the US dollar index has been delayed, but is ahead of a powerful Bitcoin bull run.
The analyst wrote X on X.
DXY vs. BTC/USD monthly price chart. Source: TradingView/Venturefounder
He added that if DXY continues to slide at level 90, he can replicate the lasting conditions for one year in the last stage of the previous bull market.
In addition, John Bollinger, a bollinger band producer, has given a strong strength in Bitcoin and pointed out that cryptocurrency forms a familiar floor for $ 80,000.
relevant: Bitcoin ‘and’ optimistic impulse ‘for the economic downturn can be a period of time: 10x research
Meanwhile, the maturity of the BTC price chart hints the potential Bitcoin price rally on the BTC price chart, as reported by Coatelewraph.
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.