Tom Lee says stocks and crypto could rebound if Treasury yields start to fall. ‼️ The 10Y Treasury yield exceeds the S&P 500 earnings yield, pushing Treasuries’ relative appeal vs. stocks to a 25-year high. At 5%+, Treasuries are now competing directly with stocks for capital. → A veteran Wall Street bond analyst has turned bullish on Treasuries for the first time since 2020. If that view gains traction, the next move could be lower yields. That makes the 10Y Treasury yield one of the key macro signals for Bitcoin and stocks now: 🔴 Yields stay above 5% → pressure on valuations and liquidity remains 🟢 Yields peak and fall → potential catalyst for a risk-asset rebound #Bitcoin #Crypto #Treasury #Macro