🚨 CHINA RISKS OFF SHOCKWAVE HITS $BTC! 🚨

China ordering banks to trim US Treasuries is pure macro fear hitting crypto markets. This is a massive signal about risk appetite globally.

• Authorities cited concentration risks in US debt.

• Gold jumped above $5,000 instantly.

• Elevated Treasury yields put pressure on risk assets like $BTC.

$BTC just slipped towards $70K as a result. Volume is down 15% and derivatives show increased selling pressure. Stay alert, this sentiment shift matters.

#Bitcoin #Macro #RiskOff #CryptoTrading #TreasuryYields 📉

BTCUSDT

Perp

69,930.2

+2.13%