bitcoin:native Last night, Nasdaq -1.03%, S&P -0.71%; today, the 10Y U.S. Treasury yield briefly surged to 4.81%, and Brent crude oil climbed to around $95. Oil prices → inflation → rate hike expectations—this chain is putting valuation under pressure again. BTC is still fluctuating around $78K. The key point is that the latest U.S. spot ETF saw a net inflow of approximately $217M, indicating no significant withdrawal of institutional funds. Right now, BTC is more resilient than Nasdaq, but the real condition for a breakout isn’t sentiment—it’s the 10Y Treasury yield stopping its upward climb. If Treasury yields peak, $80K is worth chasing; If yields hit 5%, all high-valuation assets will need to be recalculated.