bitcoin:native This week, what truly determines the US stock market and BTC isn’t AI—it’s US Treasury bonds. The 10Y yield is approaching 4.7% again, indicating that the market is no longer trading on 'rate hikes or not,' but rather on whether long-term funding costs can genuinely come down. US stocks remain structurally bullish, while BTC is waiting for liquidity confirmation. AI continues to diverge internally, with the storage chain companies like Micron and SK Hynix, which are realizing profits, holding a stronger advantage. If we see 10Y↓ + USD↓ + BTC breaking out with volume this week, that’s when funds will truly start flowing from US stocks to Crypto. US stocks trade on profitability, BTC trades on liquidity, and US Treasury bonds determine the cost of money.