Bitcoin Bulls Beware! According to an expert analyst, this FED-related data indicates the bear market will continue! The bottom is expected on this date!

The leading cryptocurrency, Bitcoin, experienced a sharp drop in recent weeks, falling below $60,000. After recovering, BTC continues its sideways movement in the $62,000-$65,000 range, with some analysts believing it will rise from here and others anticipating a drop to the $50,000 level.

At this point, market analyst Omkar Godbole addressed the current state of the bond market and stated that Bitcoin bulls should pay attention to this situation.

The analyst says the bond market has given a clear signal about interest rates, and Bitcoin bulls should take this into account.

According to the analyst, the bond market is sending a signal that complicates the likelihood of an uptrend in Bitcoin in the near term.

According to the analyst, the bond market is creating a negative environment for risky assets like Bitcoin (BTC) by signaling the US Federal Reserve’s hawkish stance.

Accordingly, the spread between US 10-year and 2-year Treasury bond yields has fallen to just 28 basis points (0.28 percentage points). This marks the lowest spread since April 2025.

This is interpreted as a flattening of the yield curve and, according to Skanda Amarnath, managing director of policy research firm EmployAmerica, signals a more hawkish policy stance from the Fed.

According to Godbole, while the market initially priced in potential interest rate cuts at the beginning of the year, causing the yield curve to steepen, this trend has recently reversed due to the ongoing US-Iran conflict and rising inflation concerns.

A more hawkish Fed generally means longer periods of high interest rates, which can put pressure on risky assets like Bitcoin.

According to the analyst, as a result, even if the Fed keeps interest rates unchanged, expectations of a future rate hike have increased, which could make it more difficult for the Bitcoin bull market to restart.

Finally, the analyst notes that the hawkish turn in the bond market is consistent with the four-year Bitcoin halving cycle theory, suggesting that a market bottom could form around October of this year.

*This is not investment advice.

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