Bond traders brace for turbulence while bitcoin and stocks remain calm

Bond traders are positioning for increased volatility in government debt markets, reflecting uncertainty over interest rates, inflation, and fiscal conditions. Bitcoin and equities have remained comparatively calm, indicating that broader risk sentiment has not yet fully reflected the stress emerging in bonds. The divergence suggests Bitcoin is currently trading more like a risk asset than a direct hedge against bond-market turbulence. A sustained bond selloff or volatility spike could eventually spill over into Bitcoin through tighter financial conditions and reduced liquidity.