Adam Cochran (adamscochran.eth)
@adamcorchan
Nasty reaction to the ISM PMI. This pushed investors over the edge to no longer expecting a high likelihood of rate cuts moving forward. Caused a huge spike in the 10Y & 20Y yields, and a sudden sell off in BTC et al.
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Ambluery
@ambluery
The negative reaction to the ISM PMI data led to a shift in investor expectations regarding future rate cuts. This resulted in a significant increase in 10Y & 20Y yields and a sudden sell-off in BTC and other assets.
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