🎢 Bitcoin vs The Macro Mood Swing i

📊 The Macro Mood Swing ×

What is This Chart?

This chart tracks Bitcoin price alongside two critical macroeconomic indicators that influence market sentiment and risk appetite:

The Indicators:

• Unemployment Rate (UNRATE) - Measures labor market health. Rising unemployment typically signals economic stress, leading investors to sell risk assets like Bitcoin.
• 10-Year Treasury Yield (DGS10) - Reflects long-term growth and inflation expectations. Rising yields increase the opportunity cost of holding non-yielding assets like Bitcoin.

Key Insight:

Bitcoin tends to crash when both UNRATE spikes (unemployment rises) AND DGS10 jumps (yields spike), signaling a "risk-off" environment.