US bonds are pumping like memecoins, and crypto is paying the price. US 10Y and 30Y Treasury yields have surged by up to 2.72% since the hotter-than-expected CPI release. Meanwhile, December rate hike odds have jumped to 87.5%, adding more pressure on risk assets. BTC has fallen below $73K. ETH is down 5%. Over $600M in crypto positions liquidated in just 4 hours.
Karan Singh AroraShare
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