**[U.S. Treasury Yields Rise, Ongoing Iran Conflict, and Inflation Risks Pressure Bitcoin Prices]** Reported by Golden Finance, on Monday, March 25, Bitcoin once again tested the $67,500 support level, while gold experienced its sharpest pullback in over 50 years. Concerns over the prolonged Iran conflict and the inflationary impact of oil prices stabilizing above $85 have prompted investors to reduce exposure to risk assets. At the same time, U.S. Treasury bonds faced sell-offs, indicating that traders are significantly increasing cash positions. The yield on the U.S. 5-year Treasury surged to 4.10%, hitting a nine-month high as traders demanded higher returns. With the S&P 500 index hitting a six-month low on Monday, various signs suggest the market is shifting comprehensively toward liquid assets. Amid heightened economic uncertainty, "cash is king," while Bitcoin faces further downside risks. Investors appear to be increasing their cash holdings, either to offset recent losses or to prepare for potential further declines in risk markets. The ongoing Iran war has pushed oil prices above $90, exacerbating inflationary pressures. According to *The Wall Street Journal*, the U.S. plans to deploy approximately 3,000 troops to the Middle East to counter Iran's influence in the Strait of Hormuz. The decline in gold prices may partly be attributed to reduced market expectations for the U.S. to ease monetary policy in the short term.