The US stock market and Bitcoin are now a pair of brothers in difficulty, grasshoppers on the same boat. Looking at the market, Big Brother fell off the boat first. The Nasdaq fell 0.92%, while Philadelphia Semiconductor fell 1.61%. ARM fell 8.7% and Qualcomm fell 7.2%. Storage and optical modules were completely destroyed. Little brother BTC fell along. The price fell below 84K again, with 140000 people selling out in 24 hours and $500 million disappearing in smoke. The core reason is one: The 10-year US Treasury yield is 5.27%, the highest since 2007 ❗ ️ 30-year period 5.57%, highest since 2002 ❗ ️ The logic is simple: Borrowing money becomes expensive, and unprofitable assets are sold first. Gold is also falling, and silver is also falling. Only Nvidia is rising—— Because it just announced a $150 billion buyback. Those who have money are repurchasing. Those without money are trampling. Now it depends on whether this ship is stable enough.