A 25% Bitcoin Drop Opens a 6% Gap to Treasuries — But Is It a Trap?

Bitcoin is slipping behind U.S. Treasuries on one-year returns just as retail interest hits bear-market levels. Yet order books, long-term charts and past pullbacks show deep bids and familiar volatility patterns beneath the surface. Bitcoin Trails U.S. Treasuries on One-Year Performance Chart Bitcoin is now lagging U.S. Treasuries over the past year, according to new data from Barchart. A comparative chart of Bitcoin versus the iShares 20+ Year Treasury Bond ETF (TLT) shows Treasuries holding a small gain while Bitcoin has slipped into negative territory on a 12-month basis. Bitcoin vs Treasuries Performance Chart. Source: Barchart The chart indicates long-duration Treasuries are up roughly 3% over the period, while Bitcoin is down about 3% after giving back a mid-year rally. As a result, the traditionally safer bond proxy has outperformed the leading cryptocurrency during a stretch marked by shifting expectations for U.S. interest rates and risk assets. Analyst Highlights Bitcoin’s...

https://coinpaper.com/12372/bitcoin-btc-trails-u-s-treasuries-by-6-after-25-bull-market-pullback