Treasury Volatility

Bitcoin has shown little consistent relationship with government bond yields over longer periods, challenging the view that rising yields are automatically bearish for BTC. Short-term bond market turbulence remains a risk, after a jump in Treasury volatility coincided with a sharp BTC pullback.

Bitcoin traders are watching a key implied volatility gauge as it hovers near a range that has previously come before sharper market turbulence. BTC remains range-bound above $64,000, while signals from traditional volatility markets remain mixed.