Bitcoin slides toward $80K as hawkish Fed minutes wipe out $1B in leveraged bets
- —Bitcoin fell 3.27% on the week to around $83,700, bottoming at $80,329
- —10-year Treasury yield hit 5.36%, its highest since 2002
- —24-hour liquidations topped $1.1 billion, 95% of them longs
- —Strategy bought just 250 BTC for $21.5 million, its smallest purchase of 2026
Why it matters: Markets now price a possible December rate hike, pressuring risk assets; holding the $80,000 level — near ETF holders' average cost basis — is key for near-term direction.
Source: Bitcoin Insider