TechFlow news, June 15 — According to analysis by CryptoQuant analyst Darkfost, despite U.S. Treasury yields being at one of the highest levels in Bitcoin's history, Bitcoin continues to maintain an upward trend. Traditional macroeconomic theory suggests that when both the U.S. Dollar Index (DXY) and bond yields rise, capital typically flows out of risk assets, under which conditions Bitcoin often undergoes corrections.
However, in the current cycle, an unusual decoupling between Bitcoin and U.S. Treasury yields has emerged. Particularly when the dollar index declines, Bitcoin prices tend to accelerate their rise. This anomaly indicates a structural shift in Bitcoin's role within the macroeconomic landscape, as it is increasingly perceived as a store of value. This new narrative may be redefining how Bitcoin responds to traditional macroeconomic forces.
