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...

One of the few sane things going on right now is people’s reluctance to hold sovereign debt at any significant duration. As yields get higher some people will gladly buy it. I for one wouldn’t, buy many will.