Why surging US real yields are quietly forcing Bitcoin under $84,000
Summary
Bitcoin fell to $83,500 as a stronger-than-expected US business activity survey lifted Treasury yields, increasing the opportunity cost of holding a non-yielding asset. The 10-year yield closed at 5.11%, while about $280 million in leveraged long positions were liquidated. Glassnode identifies $84,000–$85,000 as key support; sustained daily closes below it could put the $77,000 True Market Mean in focus. Resistance sits near $96,700. Despite the selloff, spot Bitcoin ETFs recorded inflows over five days, and exchange spot volume recovered from its August low. Upcoming options expiry and US economic data may influence whether Bitcoin holds support or moves toward either reference level.
