Bitcoin drops below $83,000 as Brent crude tops $101
- —Bitcoin slid 2.76% on the session to $83,178 after touching a low of $82,776
- —Brent crude topped $101 a barrel; 30-year Treasury yields hit 5.70%, the highest since 2002
- —24-hour liquidations totaled $969 million, with 66% from long positions
- —Four-hour RSI fell to 32.2 while the daily ADX held at 42.8
Why it matters: Rising oil and bond yields are fueling risk-off sentiment, with traders pricing a 67% chance of a retest of $80,000 in October.
Source: Bit2Me News