The yield of the US 10-year treasury bond bond has again exceeded 5%. After the rise in oil prices, the market has begun to re trade inflation and higher long-term interest rates. The 10-year yield has exceeded 5%, indicating that pressure has been transmitted from oil to the US Treasury market. Not good news for the overall risk market. When the yield of US Treasury bonds reaches 5%, it means that there is no need to fuss about anything, and buying US Treasury bonds can yield a return of around 5%. The funds will naturally reconsider whether it is necessary to bear such large fluctuations in the US stock market and Bitcoin. Moreover, if oil prices continue to remain high, it will be difficult for inflation in the United States to truly decrease. If inflation cannot be lowered, it will be difficult for the Federal Reserve to cut interest rates, and it may even raise interest rates again. So now it's actually quite awkward. Oil prices are rising, US bond yields are rising, and market concerns about interest rate hikes are also increasing. Normally, these are not conducive to risk assets. As a result, Bitcoin is still rising. I certainly hope that Bitcoin: native will continue to rise, but from the current macro environment, I really don't quite understand the reasons for the rise of Bitcoin this round. @Gate Crypto、 US stocks, Hong Kong stocks, South Korean stocks, gold CFD、 Predicting one-stop trading in the market