The Ongoing Sell-off of U.S. Treasuries: BitMEX Founder Predicts Bitcoin is About to Enter “UP ONLY” Mode

According to Zombit’s previous report, the market generally believes that Trump’s sudden announcement to suspend reciprocal tariffs for 90 days was due to being frightened by the wave of U.S. Treasury sell-offs. However, even with Trump’s retreat, it seems that the Treasury sell-off activities have not calmed down.

According to market data, the yield on the 10-year U.S. Treasury bond continues to rise, having climbed to 4.559% at the time of writing, marking the largest weekly increase since 2001. Meanwhile, the yield on the 30-year U.S. Treasury bond has risen to 4.964%, with the weekly increase being the largest since 1982.

Arthur Hayes, the founder of BitMEX, commented on the current market situation:

“If this situation continues, we will receive more policy responses this weekend. We are about to enter the ‘UP ONLY’ mode for Bitcoin.”