Bitcoin Rebound Faces Quadruple Pressure Amid Rising US Treasury Yields

The US Treasury yield has risen to about 4.7%, its highest level in five years, putting pressure on risk assets like Bitcoin.

Axel Adler, a CryptoQuant analyst, pointed out that Bitcoin rebounded from around $59,000 to nearly $66,000 but has since fallen back to about $64,300.

The market is facing four potential risks: low volatility, persistent weakness in demand, insufficient buying liquidity, and investors realizing losses.

MicroStrategy founder Michael Saylor has not continued to make large-scale Bitcoin purchases recently, but instead published an article recommending 38 books on civilization, currency, energy, and technological development.