Bitfinex said that when U.S. Treasury yields rise to 5%,BTC’s performance is closer to gold
BIBIBI
AT A GLANCE
Bitfinex said that when U.S. Treasury yields reach 5%,BTC’s performance is closer to gold, and BTC its correlation with gold has risen to 0.52。
Article
Opinion: When U.S. Treasury yields rise to 5%,BTC’s performance looks more like gold than traditional risk assets
BlockBeats reported that September 25，Bitfinex published a chart analysis stating that when the U.S. 10-year Treasury yield reaches 5%, ’s performance is closer to gold than to traditional risk assets. Currently, the correlation between BTC and gold has risen to 0.52, while the correlation between BTC and daily changes in U.S. Treasury yields has turned negative.
Original link https://m.theblockbeats.info/flash/368981
Key points
01
September 25, and BlockBeats relayed Bitfinex’s published chart analysis.
02
Bitfinex said that when the U.S. 10-year Treasury yield reaches 5%, ’s performance is closer to gold than to traditional risk assets.
03
Bitfinex said that currently, the correlation between BTC and gold has risen to 0.52。
04
Bitfinex said that the correlation between BTC and daily changes in U.S. Treasury yields has turned negative.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This analysis compares the degree of co-movement between BTC and different market indicators. Correlation 0.52 indicates that BTC has a certain degree of co-movement with gold; a negative correlation with daily changes in U.S. Treasury yields indicates that the two have recently tended to move in opposite directions. The original text presents these phenomena as the conclusions of Bitfinex’s chart analysis.
Why it matters to readers
This may affect how the market understands the asset characteristics of BTC: in the stated scenario, its performance is considered more like gold than traditional risk assets. However, correlation only describes co-movement and cannot on its own indicate BTC future price movements.
Beginners may view this as a market observation rather than a trading signal. They should continue to monitor whether the correlation persists and whether the U.S. 10-year Treasury yield reaches the stated level.
Risks and unknowns
The original text does not provide the chart, sample period, calculation method, or the specific scope of traditional risk assets.
It cannot be confirmed from the original text whether the U.S. 10-year Treasury yield has already reached 5%，5%This may simply be an analytical scenario.
Correlation does not equal causation and cannot determine the BTC price direction.
This conclusion was relayed by BlockBeats from Bitfinex; the original text does not provide independent verification.
Related Developments
Loading event timeline…
Related concepts
U.S. 10-year Treasury yield
This term is not in the glossary yet. Browse related concepts in the glossary.
A measure of the degree to which the price movements of different assets are linked; weaker or opposing co-movements are generally more favorable for diversifying risk.
