U.S. Treasury 30-Year Yield Tops 5.7% as Government-Linked BTC Moves $448M

The 30-year U.S. Treasury yield climbed above 5.7% while a U.S. government-linked address transferred $448 million in Bitcoin (BTC) to Coinbase Prime, putting rising long-term rates and large on-chain movements in focus for crypto markets.

The yield reached 5.711%, up more than six basis points during the session and the highest level since 2002. The 10-year Treasury yield also rose to 5.33%.

The address transferred 5,382.1 BTC, valued at approximately $448 million, to Coinbase Prime. Over a 32-hour period, its crypto transfers totaled about $670 million.

That total included 6,215.7 BTC worth $520 million, $119 million in Tether (USDT) and 40,285 BNB worth $31.63 million. The BTC and USDT transfers went to Coinbase Prime.

The movements came as U.S. borrowing benchmarks pushed higher, adding a macro backdrop to the latest crypto-market activity. The transfer data identifies the destination and amount but does not establish what happened to the assets after they arrived at the exchange.