🚀 Crypto market alert! In just 24 hours, sentiment has flipped bearish as Bitcoin (BTC) and the S&P 500 form a head-and-shoulders pattern. 📉 The culprit? The rising MOVE index, signaling increased volatility in the U.S. Treasury bond market. This shift has led to tighter financial conditions and risk aversion.

BTC took a 5% hit, dropping to $96,900, while the S&P 500 fell over 1%. The post-election rally lost steam as the MOVE index, which had bottomed out in mid-December, began climbing again.

Bonds are steering the market ship, and a bullish comeback for risk assets hinges on Treasury market stability. What are your thoughts on this bond-driven narrative? Share below! 👇