US Treasury yields surge to new highs as liquidity tightens, pushing Bitcoin back below $82,000 resistance
CryptoSlate
Rising US Treasury yields and declining ETF inflows have pushed Bitcoin back below the $82,000 resistance level.Summary
Bitcoin has retreated below $82,000 as surging US Treasury yields increase the opportunity cost of holding non-yielding assets. Despite legislative progress like the CLARITY Act, market focus has shifted to macro headwinds, including 10-year Treasury yields exceeding 4.5%. This shift is evidenced by significant outflows from US spot Bitcoin ETFs and reduced spot market volume. While long-term arguments for Bitcoin as a hedge remain, capital is currently moving toward stablecoins and tokenized Treasury products, which offer attractive risk-free returns in the current high-rate environment.
(Source：CryptoSlate)