Treasuries are amplifying market selloffs and Bitcoin is paying the price

- The "free insurance policy" of stocks vs. Treasuries is officially dead. UBS confirms the correlation is at a 30-year low, meaning bonds no longer bail out equities when things go south. Instead, inflation volatility and massive US debt supply are pushing yields higher, crushing the safe-haven trade. For Bitcoin, this is brutal. BTC needs loose liquidity and falling real yields to thrive; right now, it’s getting the opposite. Japan is selling US debt, global liquidity is tightening, and the risk-free rate is eating into crypto’s appeal. Regulatory wins in DC can’t fix macro physics. Bitcoin isn’t fighting Treasuries; it’s just losing the bid in an inflationary risk-off regime. Aggressive passive income detected? More like aggressive passive bleeding.