Bitcoin briefly fell to $62,912 before rebounding above $63,000, though it remained down 0.5% on the day with its market capitalization at $1.26 trillion. Broader crypto liquidations reached $227 million, including $122 million in long positions and about $105 million in shorts, while Bitcoin long liquidations were nearly $34 million. The move came as WTI crude rose above $82 a barrel and the U.S. 10-year Treasury yield climbed to 4.660%, adding to inflation concerns and pressure on risk assets. Coinglass data also showed Bitcoin near key liquidation levels, with cumulative short liquidation intensity reaching $1.273 billion above $66,499 and cumulative long liquidation intensity reaching $1.033 billion below $60,389.