Is the big capital migration beginning? The 5% U.S. Treasury yield is quietly changing the game

You might think this is just a change in interest rates, but actually it's a "capital migration."
When the U.S. Treasury yield reaches 5%, it acts like a huge magnet, starting to draw global funds.
Especially institutional funds.
Their logic is simple:
Lower risk, more stable returns, higher liquidity—why not choose it?
So, a subtle change begins to appear in the market:
It's not that no one is buying, but that buying has slowed down.
This is especially evident in the crypto market.
Previously driven by sentiment, now driven by "real funds."
And real funds are the most selective.
They won't enter just because of a story; they look at returns, cycles, and risks.
To sum up:
When big money becomes cautious, small funds, no matter how crazy, will find it hard to create waves. #Gate广场五月交易分享