Bitcoin falls below $82,000 amid rising yields and oil prices

Bitcoin price drop cryptocurrency liquidation US Treasury yields Brent crude oil Bitcoin ETF outflows

Bitcoin has faced significant selling pressure, dropping below $82,000 and hitting its lowest level for October. This decline coincided with a massive liquidation event where nearly $1 billion in leveraged positions, mostly long, were wiped out within a 24-hour period.

Several macroeconomic factors are driving the downturn. Rising US Treasury yields, with the 10-year yield reaching approximately 5.36%, have made risk assets like cryptocurrency less attractive compared to low-risk bonds. Additionally, geopolitical tensions in the Middle East, including reports of tanker attacks near Qatar, have pushed Brent crude oil prices above $105 per barrel, fueling inflation concerns.

Further market volatility was exacerbated by the US government moving approximately 12,267 Bitcoin, valued at roughly $1 billion, from seized Bitfinex holdings to new addresses. Meanwhile, US spot Bitcoin ETFs saw substantial outflows, including approximately $487 million on a single Wednesday. Despite the bearish trend, some technical indicators, such as the Coinbase premium turning positive and certain TD Sequential signals, suggest potential areas of support or institutional interest.

Entities

Bitcoin · Bitfinex · BlackRock Inc. · Brent crude · Coinbase · Coinglass · Ethereum · Federal Reserve · Glassnode · United States · United States Treasury · United States government

Claims

What the coverage asserts, and how many sources carry each claim.

[○ 1 SOURCE] Total futures liquidations reached $693 million in 24 hours, with $637 million attributed to long positions.
[● 3 SOURCES] The US 10-year Treasury yield rose to 5.365%, reaching its highest level since 2002. kryptomagazin.cz · www.nadanews.com
[● 9 SOURCES] Bitcoin's price fell to approximately $83,000 following a period of volatility. www.khbr.me · newsbit.nl · www.crypto-insiders.nl · dmarketforces.com · www.cointribune.com · +2 more
[● 3 SOURCES] Brent crude oil prices rose above $101 per barrel. decrypt.co · kryptomagazin.sk · dmarketforces.com
[● 2 SOURCES] Approximately $969 million in cryptocurrency positions were liquidated within a 24-hour period, with long positions accounting for $644.47 million. decrypt.co · kryptomagazin.sk
[○ 1 SOURCE] A net outflow of 24,073 Bitcoin from cryptocurrency exchanges was recorded on a Monday, marking the largest single-day exodus since March 1. finbold.com
[○ 1 SOURCE] Large liquidation clusters for Bitcoin are concentrated between $81,700 and $83,300.
[● 5 SOURCES] Bitcoin price fell below $84,000. kryptomagazin.cz · dmarketforces.com · www.nadanews.com · www.crypto-news-flash.com
[● 2 SOURCES] Approximately $400 million in Ethereum long positions were liquidated following a price drop below $2,600. crypto.news · mycryptoparadise.com
[● 4 SOURCES] Bitcoin's price fell toward the $82,000 to $84,000 range. comparic.pl · www.nadanews.com · coinpaper.com
[○ 1 SOURCE] Bitfinex reported $510.6 million in crypto futures liquidations over 24 hours, including $417.6 million in long positions.
[● 4 SOURCES] Brent crude oil prices rose above $101 per barrel due to geopolitical tensions in the Middle East. comparic.pl · kryptomagazin.sk · crypto.news · dmarketforces.com