Bitcoin slips below $85,000: three hurdles before Friday's options expiry
- —10-year US Treasury yield topped 5.1%, the highest since July 2007
- —$237 million in leveraged longs were liquidated as bitcoin broke below $84,000
- —About 182,000 BTC in options worth $15.6 billion expire on Deribit on Friday
- —Max pain sits at $76,000; average cost basis for bitcoin ETF holders is $81,700
Why it matters: Rising yields and the Trump-Xi summit will decide whether bitcoin holds $84,000 into the year's largest options expiry.
Source: Journal du Coin