US Bond Selloff Threatens Bitcoin's Next Rally

A recent Treasury Department report revealed that foreign investors sold $29.1 billion in US Treasury notes and bonds in July, but bought $38.8 billion in bills.

The split in foreign investor demand is significant because it suggests that long-term borrowing costs remain elevated, which could impact Bitcoin's price.

The 10-year Treasury yield reached 5.01% on September 16, indicating tight financial conditions that can reduce the capital available for risk assets like Bitcoin.