Yields are spiking toward 5.2%, but history shows Bitcoin might completely ignore Wall Street’s $125 billion stress test
From Aug. 11–13, Treasury will auction $125 billion in 3-year, 10-year, and 30-year securities, with July CPI and PPI released just hours before the 10-year and 30-year sales. About $96.3 billion of the total will refinance maturing debt, leaving roughly $28.7 billion as net new cash raised. The setup creates a tight test of whether inflation data lifts yields, weakens auction demand, and pressures Bitcoin. Recent benchmark levels put the 3-year, 10-year, and 30-year yields at 4.25%, 4.65%, and 5.19%, while Bitcoin was near $64,929 in a separate timestamped snapshot. July auctions showed modest stop-throughs, with a weak August outcome defined by a positive tail, lower bid-to-cover, and lower indirect-bidder share versus July. The main bearish Bitcoin case needs higher yields, softer auctions, and a Bitcoin drop in the same window; otherwise, the link is weak.
