Bitcoin stuck below $85,000 as ETF demand weakens and Treasury yields climb
- —BTC trades near $84,234, up 0.55% on the day, with an intraday high of $84,290
- —Weekly US spot Bitcoin ETF inflows fell from $2.39 billion to $241.1 million
- —ETF outflows hit $484.9 million on October 7 and $244.1 million on October 8
- —The 10-year Treasury yield topped 5.3%, pressuring risk assets
Why it matters: A break above $85,000 could open the way to $86,500–87,400, while losing the $83,386 support may send BTC toward $82,000.
Source: crypto.news