Bitcoin hits $81K as US bond yields rebound on global oil woes
Bitcoin rose above $80,000, reaching about $81,034 as Wall Street opened, while oil-market stress and higher US bond yields fueled volatility. The move triggered a large squeeze in short positions, with roughly $250 million in cross-crypto short liquidations over four hours. WTI crude briefly fell to about $94.8 before rebounding toward $98, as the International Energy Agency warned that constrained Gulf supply could force further demand cuts and higher prices. The IEA said oil flows through the Strait of Hormuz remain far below pre-war levels. US 30-year Treasury yields climbed to 5.34%, adding to macro uncertainty. Bitcoin now faces a key breakout test near $82,000; failure there could form a double rejection pattern. Onchain data shows BTC has reclaimed its True Market Mean at $76,660, returning price to a bullish zone, while corporate treasury cost basis sits near $80,500.
