✉news BusinessCrypto first seen 10 h ago, last 47 min ago, peak #8
Bitcoin Traders Chase Shorts as Treasury Yields Climb
Original: Bitcoin traders chase shorts as rising Treasury yields weigh over gold
Bitcoin traders are increasingly positioning for price declines, with rising US Treasury yields weighing on markets and also pressuring gold. Higher yields make non-yielding assets like Bitcoin and gold less attractive, and traders appear to be betting on further downside for the cryptocurrency as macro conditions tighten.
Why now: Rising Treasury yields are shifting macro sentiment, prompting traders to bet against Bitcoin and gold.
Rank over time, top of the chart is #1. 8 snapshots from 10 h ago to 47 min ago.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/220302