BTC/USD Whipsaws as 20-Year Bond Yields Threaten Breakout

Bitcoin is trading through a choppy monthly close, with price swinging sharply inside its local range as US Treasury yields push toward a fresh 20-year high. Comments from Treasury Secretary Scott Bessent on the yield trajectory have added a fresh layer of uncertainty for risk assets heading into the new month.

The inverse correlation between BTC/USD and bond yields remains firmly in play. Rising yields typically pressure liquidity-sensitive assets like bitcoin, and traders are watching whether the monthly candle closes above or below key range boundaries as a signal for near-term direction.

With institutional demand still active in the background, the yield story is emerging as the dominant macro catalyst for bitcoin price action this week, overshadowing on-chain flows for now.