Woofun AI data shows that the latest U.S. 30-year Treasury bond auction yield climbed to 5.06%, marking the highest level since 2007. This figure pushes long-term yields back above the 5% threshold, a significant increase from the approximately 2% yield recorded at the start of 2022. Analysts indicate that this elevation in the risk-free rate raises the discount rate for risk assets, imposing structural pressure on high-risk instruments such as Bitcoin. The current environment raises the threshold for speculative capital, while rising debt financing costs linked to fiscal deficits send short-term risk-averse signals.

Additionally, large technology companies issuing bonds for artificial intelligence infrastructure compete with the U.S. government for market funds, further driving up long-term interest rates. Market attention remains on the 5.2% peak observed in May; a breach of this level could signal continued rate increases and further financial tightening.