Gm, I don’t think stocks or crypto can keep holding up for much longer if the US 10Y yield stays this high. If Treasuries are paying around 5.16% with near risk-free returns, investors will naturally ask: Why take much more risk in stocks or crypto when gov bonds are already paying >5%? That creates this chain: 10Y yield ↑ → cost of capital ↑ → discount rate ↑ → valuations ↓ → liquidity preference ↑ → more pressure on risk assets. US equities are also trading at very high valuations rn, especially growth/tech names where a large part of the valuation comes from expected future cash flows. When benchmark yields move above 5%, those future cash flows get discounted harder → the P/E multiple investors are willing to pay tends to come down. Crypto faces the same issue. So if yields keep rising or stay elevated, I’ll be especially careful with high-valuation alts that still have little to no real revenue/cash flow. Personally, I’m still holding, but more cautiously rn. Main focus: $BTC and $ETH.