Crypto Selloff Deepens as $700M Liquidated; BTC Below $83K on 24-Year High Treasury Yields
- —About $700M liquidated in 24 hours: $650M longs, $50M shorts
- —Largest single liquidation: $26.64M ETH-USDC order on Binance
- —BTC fell over 4% below $83,000; ETH slid 6%
- —US 10-year Treasury yield topped 5.35%, highest since 2002
Why it matters: Surging Treasury yields are pressuring risk assets; the FOMC minutes and rate expectations will shape the next move.
Source: CoinGape
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