After the hot CPI, US bond yields pumped like a memecoin. The 10-year went all the way from 4.86% to almost 5%. If a safe bond is paying you almost 5%, less money flows into risky stuff like Bitcoin. BTC dropped to around 72,700 and over $630M got liquidated. If BTC closes the day under 72,700, more downside. If it goes back above 75,600, some relief.
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