CryptoQuant: S&P 500 Weakness Could Deepen Bitcoin Correction
- —BTC trades in a $82,000–$83,000 range after retreating from highs above $87,000
- —US 10-year Treasury yields are approaching multi-year highs
- —Only about 55% of S&P 500 stocks sit above their 200-day moving average
- —Similar market conditions preceded sell-offs in late 2018 and 2025
Why it matters: A deeper equity correction driven by rising yields could drag Bitcoin lower in tandem.
Source: BeInCrypto