US dollar plunge powers Bitcoin bull case, but other metrics concern: analyst

The decline of the US dollar may boost Bitcoin’s position. Analyst Jamie Coutts notes that despite his bullish view, two metrics—Treasury volatility and corporate bond spreads—raise concerns for the near term.

Coutts highlights that historical trends suggest widening corporate bond spreads can often align with Bitcoin price peaks, and any increasing volatility may tighten liquidity, impacting Bitcoin’s future.

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