Bitcoin falls toward $82,000 as rising yields and crypto liquidations weigh

  • Bitcoin fell toward $82,000 after failing to reclaim $84,000 and an earlier weekly high above $87,000, weighing on major cryptocurrencies.
  • More than $530 million in crypto positions, mostly bullish longs, were liquidated, while a dormant wallet transferred 4,500 BTC worth $378.79 million without confirming selling pressure.
  • The 10-year Treasury yield reached 5.23% and October rate-hike odds rose to 71%, while analysts watched $82,000 support and an $84,000 reclaim for potential upside.

Bitcoin and major cryptocurrencies extended their declines as rising Treasury yields and increased expectations for interest-rate hikes pressured risk assets. Bitcoin fell 1.20% to $82,930.28 at 9:24 p.m. EDT after failing to sustain a move above $84,000, extending its retreat from a weekly high above $87,000. More than $530 million in crypto positions, predominantly bullish long positions, were liquidated over 24 hours, while Bitcoin open interest fell 2.21%. Separately, Lookonchain reported that a wallet dormant for more than four years transferred 4,500 BTC worth $378.79 million; the move, similar to a September 25 transfer, raised questions about repositioning or potential selling but did not confirm that selling was occurring. The 10-year U.S. Treasury yield reached 5.23%, its highest level since June 2007, while traders priced in a 71% chance of another 25-basis-point rate hike in October. Analysts identified potential bullish signals if Bitcoin holds $82,000 and reclaims $84,000. Bitcoin ETF inflows exceeded $2 billion for the month, September’s return was 6%, and its exchange balance reached a four-month low. Ethereum, XRP, Solana and Dogecoin also declined, although Hedera, Algorand and Chainlink posted gains.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.