Bitcoin declined 2.54% on the day from $86,445 to $84,284, giving back a portion of the prior week's 10.48% advance as the 10-year Treasury yield surged 18 basis points to its highest level since 2007.Not noise, but not a structural reversal either. Price declined 2.54% today while ETF inflows tracked at 1.65 standard deviations above the 30-day average, a divergence that points to institutional buyers absorbing the leverage flush rather than exiting. Near-term risk is present via the options expiry tomorrow and the Treasury yield spike, but the flow structure remains constructive.
Bitcoin declined 2.54% to $84,284 as the 10-year Treasury yield surged to its highest level since 2007, pressuring risk assets broadly.
Bitcoin long liquidations hit $280 million as BTC briefly dipped below $84,000, resetting leveraged long positions accumulated during the weekly advance.
US spot Bitcoin ETF inflows over the prior two days exceeded $1.7 billion according to Cointelegraph, with today's flow running at 1.65 standard deviations above the 30-day average, a flow-price divergence that is structurally distinct from distribution.
A call-heavy $15.6 billion Bitcoin options book expires Friday on Deribit, with post-expiry dealer hedge unwinds likely to drive directional resolution within 24 to 48 hours.
Network hashrate at 918.6 EH/s and fees compressed to 1 sat/vB signal a healthy, low-congestion network even as price consolidates; the fixed supply and growing security budget remain unchanged through the price move.
Market Snapshot
Market Cap
$1.69T
24h Volume
$43.93B
Dominance
58.8%
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