Yields are spiking toward 5.2%, but history shows Bitcoin might completely ignore Wall Street’s $125 billion stress test

Aug. 10, 2026 at 6:00 am GMT • 2 min read 01 The Treasury auctions will total $125 billion from Aug. 11 to 13, with all three sales settling Aug. 17. 02 July auction results set benchmarks for yields, bid-to-cover ratios, indirect demand, and August comparisons. 03 Bitcoin’s risk case is conditional on higher inflation, weaker auctions, elevated yields, and a same-window price drop.The Treasury auctions will total $125 billion from Aug. 11 through Aug. 13, while two inflation reports land hours before the corresponding 10-year and 30-year sales. The sequence will show whether softer bond demand and any resulting rise in yields coincide with pressure on Bitcoin.The Treasury refunding plan starts with $58 billion of 3-year notes at 1 p.m. EDT on Aug. 11. It continues with $42 billion of 10-year notes at the same time on Aug. 12 and $25 billion of 30-year bonds on Aug. 13. All three settle Aug. 17.The gross total is not a $125 billion liquidity drain. About $96.3 billion will refinance privately held debt maturing Aug. 15, leaving approximately $28.7 billion of new cash to raise from investors.The Bureau of Labor Statistics calendar places July CPI at 8:30 a.m. EDT on Aug. 12, four an...