According to Golden Finance, Semir Gabeljic, director of capital investment at Pythagoras Investments, said in an interview that Bitcoin’s fall back to $65,000 is mainly due to the recent macro outlook for interest rates and the rise in Treasury yields. A higher interest rate environment generally reduces investors' risk appetite. On Polymarket, bettors have ruled out a rate cut in May and are split 50-50 on whether a cut will come in June. Most users believe a rate cut will happen in the fall.