When the 2-Year yield collapses while the 10-Year holds — or falls slower — the yield curve steepens violently. That’s what traders call a bull steepener, and it doesn’t happen by accident. It’s what the bond market screams when something breaks and the Fed is done tightening.

Right now, that scream is echoing again.

And historically? These moments have marked some of Bitcoin’s strongest one-year rallies — not because of hype, but because they signal systemic liquidity pivots. Bitcoin doesn’t wait for permission. It moves when the structure shifts.