Trading Moments | Co-produced by PANews and @BITstocks_CN BTC is back above $65,000, with on-chain buying activity warming up again, but the market clearly isn’t ready to bet on a reversal just yet. On one hand, spot demand is nearing positive territory, and VanEck suggests the correction might be nearing its end; on the other hand, bearish sentiment in options remains strong, and the 50-month EMA has become a tough resistance level for now. What’s really weighing on the market is the bond market. After long-term U.S. Treasury yields surged, AI, storage, and crypto-related stocks all faced revaluation. SK Hynix plunged last night and announced a 40 trillion KRW buyback, attempting to stabilize the storage sector during the night session. Next up, all eyes are on the Fed meeting minutes and the 20-year U.S. Treasury auction. Can the pressure from interest rates ease up a bit?