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CoinShares Announces! The Balance is Shifting in Bitcoin: This Data Could Influence BTC More Than the Fed!

CoinShares Announces! The Balance is Shifting in Bitcoin: This Data Could Influence BTC More Than the Fed!

BitcoinSistemiBitcoinSistemi2026/10/09 16:12

Bitcoin has recently shown a close correlation with US Treasury bonds. Rising Treasury bond yields continue to put pressure on Bitcoin.

At this point, CoinShares, evaluating the relationship between US bonds and BTC, reported that developments in the US Treasury bond market may become more decisive in Bitcoin’s price movements than the Fed’s interest rate policy.

According to the company’s latest report, the yield on US 10-year Treasury bonds rose above 5.3%, while the yield on 30-year bonds surpassed 5.7%. Long-term yields are approaching their highest levels in over two decades.

This Could Turn into a Situation Supporting Bitcoin!

CoinShares Head of Research James Butterfill stated that Bitcoin could gain a different position for investors if rising bond yields stemmed not from economic growth expectations, but from concerns about the sustainability of US public finances.

At this point, according to CoinShares, rising bond yields under normal circumstances could put pressure on Bitcoin by increasing the attractiveness of relatively less risky investment instruments.

However, if this rise is driven more by concerns about the US’s increasing debt burden and the sustainability of public finances rather than economic growth, Bitcoin could be considered an alternative asset to the traditional financial system by investors. Therefore, Bitcoin’s future direction will depend not only on the Fed’s interest rate policy but also on the economic dynamics driving movements in the bond market and how investors react to these developments.

Therefore, rising bond yields could reduce demand for Bitcoin by increasing the attractiveness of alternative investments. However, if the yields are driven by concerns about the US fiscal outlook, Bitcoin could emerge as a prominent alternative asset.

Fund Inflows Will Be Monitored!

CoinShares reported that there has been a net inflow of approximately $11.1 billion into cryptocurrency investment products since mid-July. However, the company added that fund inflows slowed significantly during that week.

According to the company, the current data is not yet sufficient to determine whether the change in investor demand has turned into a permanent trend. Therefore, the flow of funds in and outflows will be closely monitored in the coming weeks, and these movements will be critical in understanding whether investor interest in Bitcoin is strengthening or not.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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