BlockBeats News, May 21st. Chloe (@ChloeTalk1), HTX DeepThink columnist and HTX Researcher, analyzed that if the GENIUS stablecoin bill is passed, it will lower long-term US Treasury bond rates, guide more "dollar-style" liquidity into the chain, and may bring a new round of upward momentum to Bitcoin. Currently:
· The US 10-year Treasury bond yield has fallen to 4.46%, and the MOVE index has dropped to 101;
· The US Treasury's $40 billion bond repurchase is seen as "implicit QE," and the funding environment remains loose;
· 97% of Bitcoin addresses are in profit, with ETFs seeing a net daily inflow of $330 million;
· The BITO put/call ratio is only 0.40, indicating a significantly bullish market sentiment.
Chloe pointed out that if the US bond yield drops below 4.2%, BTC is expected to challenge a new all-time high. Against this backdrop, stablecoin payments and the on-chain financial sector, especially the TRX and Sonic ecosystems, will see potential breakout opportunities.
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