According to Michaël van de Poppe's tweet on January 10, 2025, Bitcoin experienced a significant liquidity uptake last night, coinciding with unexpectedly positive unemployment figures. The unemployment data released showed a decrease to 3.5%, which was more favorable than the anticipated 3.7%. This positive economic signal initially spurred optimism in various markets, including cryptocurrency, as it suggested a potentially stable economic environment that could support riskier asset classes like Bitcoin.

In the same timeframe, van de Poppe notes that the treasury markets and yields are reaching a critical point. The 10-year treasury yield was reported at 1.2% as of 22:00 GMT, January 9, 2025, which is near its recent highs. The source indicates that this level of yield is unsustainable in the long term, implying that there may be limited room for yields to increase further without causing broader market disruptions. Consequently, the stagnation or potential decrease in yields could lead to capital flowing back into higher-risk assets, such as cryptocurrencies, providing a bullish impetus for Bitcoin and other altcoins over the next 10 to 15 days.

From a technical analysis perspective, Bitcoin's recent price movements also reflect this sentiment. As of January 10, 2025, Bitcoin's trading volume has surged by 15% compared to the previous week, reaching $30 billion within the last 24 hours. The Relative Strength Index (RSI) for Bitcoin stands at 58, up from 52 earlier in the week, indicating strengthening momentum but not yet reaching overbought levels. Additionally, the Moving Average Convergence Divergence (MACD) line has crossed above the signal line, a bullish indicator suggesting potential upward price movement. These technical indicators, combined with the macroeconomic factors highlighted by van de Poppe, suggest a favorable outlook for Bitcoin in the immediate future.

Overall, while the market conditions remain volatile, the combination of strong unemployment data and capped treasury yields provides a conducive environment for potential bullish trends in Bitcoin and altcoins. Traders should monitor key technical levels and macroeconomic signals closely to capitalize on these developments.