{"id":27456,"date":"2025-05-19T11:46:41","date_gmt":"2025-05-19T11:46:41","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=27456"},"modified":"2025-05-19T11:46:41","modified_gmt":"2025-05-19T11:46:41","slug":"crypto-daybook-americas-bitcoin-whiplash-shakes-market-as-u-s-yield-spike-threatens-bull-run","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=27456","title":{"rendered":"Crypto Daybook Americas: Bitcoin Whiplash Shakes Market as U.S. Yield Spike Threatens Bull Run"},"content":{"rendered":"
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By James Van Straten (All times ET unless indicated otherwise)<\/p>\n

Bitcoin BTC started the week on a positive note<\/a>, rising above $107,000 \u2014 the highest since Jan. 24, according to CoinDesk data \u2014before pulling back to $102,000 during the Asian morning. <\/p>\n

Despite the retracement, the largest cryptocurrency continues to trend upward, forming higher highs and higher lows within an ascending consolidation channel, while its market dominance rose above 64%. <\/p>\n

There’s a bullish bias in the options market, too. Deribit data<\/a> shows a heavy concentration of call open interest above $100,000, particularly at the $110,000, $115,000 and $120,000 strike prices for May 30, when $8 billion in notional value expires. Call options, which give holders the right to buy BTC at a specific price, are typically used to bet that the price will rise to or above that level.<\/p>\n

Another sign of strong demand comes from Glassnode data showing widespread accumulation across all wallet cohorts from holders of less than 1 BTC to over 10,000 BTC. The accumulation trend score rose to 0.87; the maximum value is 1.<\/p>\n

For a note of caution, take a look at the U.S. 30-year Treasury yield<\/a>, which topped 5% as Moody\u2019s Ratings downgraded the debt to Aa1 from Aaa, citing fiscal concerns in the U.S. The last time the yield rose that high, April 9, bitcoin dropped to a monthly low of $75,000. <\/p>\n

Meanwhile, the U.K. overtook China as the second-largest holder of U.S. debt, and Tether\u2019s U.S. Treasury holdings<\/a> are poised to surpass Germany\u2019s, potentially placing it among the top 20 foreign holders. At a time when the U.S. is actively seeking buyers for its bonds, none may be more critical than the issuer of the largest stablecoin. Stay alert!<\/p>\n

What to Watch<\/strong><\/h2>\n