very interesting moves in 10y spreads globally. something’s up. no idea what but something’s up. wouldn’t be surprised if bitcoin shoots to new ath in the next few months or so.
This is where I’m very unsure, I feel like continuing spiking in the bond market will cause a Bitcoin dump - either because of the inverse relationship on the short term, or more structurally, because an unwind of equities (ie the “AI trade”) will cause liquidations of people and entities that already have significant parallel exposure to Bitcoin. Bitcoin will be with that HAVE to sell, especially once distortions, blow ups, and blowouts can no longer be contained to just M-F trading days…
What also puzzles me is how shitpigs like Coreweave can truck higher, or even just maintain, in the face of 10 year debt rates that are up 10% just on the 1 month and 25% on the year.
What also puzzles me is how shitpigs like Coreweave can truck higher, or even just maintain, in the face of 10 year debt rates that are up 10% just on the 1 month and 25% on the year.
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