Bitcoin drops below $83,000 as over $500 million in leveraged positions are wiped out
- —BTC slid to $82,600, down nearly 2% on the day
- —More than $500 million in crypto positions were liquidated
- —Brent crude climbed toward $108 amid stalled talks over the Strait of Hormuz
- —US five-year Treasury yield rose to 5.06%
Why it matters: Traders are watching US PCE inflation, job openings and payrolls data: strong prints would add rate pressure on bitcoin, weak ones would ease it.
Source: Bitcoin Sistemi