[Analyst: U.S. Treasury Yields Reach Highs Since Bitcoin's Inception, Potentially Suppressing Risk Asset Performance] BlockBeats News, June 13 — Crypto analyst Darkfost posted on social media, stating that Bitcoin is currently facing one of the most challenging U.S. Treasury yield environments since its inception. Although historically, the U.S. federal funds rate and the U.S. Dollar Index have reached higher levels, long-term U.S. Treasury yields are now persistently high, with 30-year and 10-year Treasury yields fluctuating between 4.5% and 5%. Coupled with rising market expectations for another rate hike this year, this has led to sustained high funding costs and a tightening liquidity environment. The analysis suggests that in a high-yield environment, investors are more inclined to allocate funds to low-risk fixed-income assets, thereby weakening the appeal of risk assets, including Bitcoin. Historical data shows that rising Treasury yields are often accompanied by tighter financial conditions, putting pressure on Bitcoin's price movements. The market is currently at a critical turning point, with the risk premium of risk assets relative to long-term Treasuries being compressed. However, if the macroeconomic outlook becomes clearer in the future and investors regain confidence in the bond market, capital inflows into the bond market could drive yields lower, expand risk premiums, and improve the investment environment for risk assets such as Bitcoin. The market generally believes this process could take several months, and its trajectory will largely depend on U.S. government policies and the overall economic situation. [Original Link]