Bitcoin slips below 7-day moving average as ETF inflows fail to offset yield spike and Bitget hack
- —Bitcoin ETF inflows reached $2.8 billion over six days, yet BTC failed to hold above $87,345
- —Miners sold roughly 1,655 BTC worth about $140 million over the past week
- —The 10-year U.S. Treasury yield topped 5.22%, the highest intraday level since 2007
- —Bitget raised its loss estimate from the hack to $387.5 million from $351.6 million
Why it matters: Record ETF demand is being offset by rising yields and miner selling, leaving BTC at risk of a drop below $82,700 toward $80,000.
Source: CoinDesk Japan