10Y Treasury yield hits a new high since 2007, while the 30Y reaches a new high since 2002. The reason why the stock market and $BTC haven’t immediately crashed isn’t because the market doesn’t care about Treasury yields, but because there’s a transmission process at play here. If Treasury yields don’t start dropping soon and even show signs of continuing to rise, market panic will increase exponentially. The best indicator to watch for market sentiment is the VIX. Once the VIX starts spiking, no matter which coin’s long position you’re holding, make sure to manage your risk. The risk of a downturn will grow higher with each passing day this week.