According to Adrian (@adriannewman21), the disappointing 20-year treasury bond auction results have triggered a significant selloff in the equity markets, highlighting the direct impact of rising treasury yields on broader risk assets. With Trump and Bessent both publicly stating their desire for lower yields, traders are left questioning actionable policy responses as hope alone appears insufficient (Source: Twitter - Adrian). For crypto market participants, rising treasury yields often signal a risk-off environment, potentially leading to increased volatility and outflows from digital assets as investors seek safer returns.