Bitcoin Fails to Break $85K as Exchange Sellers and Long-Term Holder Supply Cap Gains
- —BTC hit $84,540 but slid below its $83,600 daily open
- —30-year U.S. Treasury yield topped 5.60%, a 24-year high
- —Glassnode: heaviest long-term holder supply cluster sits at $84,000–$85,000
- —Gold fell 3.6% to $4,115 an ounce before rebounding to $4,166
Why it matters: Until BTC breaks and holds above $85,000, exchange sell orders and long-term holder supply will keep capping upside, with rising Treasury yields the main macro risk.
Source: Digital Today