U.S. Treasury futures markets showed notable weakness today. The 10-year contract slipped 4 ticks, while the longer-dated 30-year futures took a sharper hit, dropping 19 ticks. This move signals shifting expectations around interest rates and inflation, which ripple through global markets—including the crypto space.

Why does this matter? Treasury yields are the baseline for all risk assets. When yields spike or fall significantly, it reshapes how capital flows between bonds, equities, and alternative assets like Bitcoin and altcoins. Traders watching these moves are essentially reading the market's temperature. A 19-tick drop in 30-year futures suggests some rotations happening beneath the surface, whether it's recession concerns, Fed policy recalibrations, or broader portfolio rebalancing.