Bitcoin Dips Below $83K as Oil Shock and Bond Yields Rattle Markets
- —BTC slid to $82,776 and trades at $83,178, down 2.76% on the day
- —Brent above $101; 30-year Treasury yield at 5.70%, highest since 2002
- —$969 million liquidated in 24 hours, with $644.47 million in longs
- —Myriad traders price 67% odds of $80,000 and 55% of $87,500 in October
Why it matters: The sell-off is macro-driven rather than crypto-specific; key levels are $82,776 to the downside and $84,877 to the upside, with Fed minutes and Hormuz headlines as catalysts.
Source: Decrypt