Bitcoin is rejected at $83K as US bond yields reverse higher with equities
Summary
Bitcoin fell from an intraday high of $83,062 to $81,678 despite gains in Asian and US stocks. US Treasury yields also rose ahead of major tech-company earnings. QCP Capital said stable bond markets could support Bitcoin, while renewed equity selling could put the $80,000 support level at risk. Selling pressure strengthened above $83,000, and crypto liquidations reached $335 million over 24 hours. CryptoQuant data showed Binance’s Bitcoin whale ratio declining to 0.45 from 0.54 at the start of October, indicating a smaller share of exchange inflows came from the largest transactions.
