Bitcoin has just retreated from around $87,000 to below $84,000. What’s truly eye-catching isn’t the size of the drop, but the fact that U.S. Treasury yields simultaneously pushed past 5%.
Sina Finance on September 24 at 14:27, citing a global market broadcast: BTC briefly fell to around $83.9k, down more than 2% in the past 24 hours, after previously touching near $87.3k. DOGE fell by about 7%, while ETH, SOL, and BNB dropped 2%-3%. As also reported by Block Explorer (Block客同): the U.S. 10-year Treasury yield once rose to 5.127%, reaching the highest level since 2007.
This isn’t a simple one-cause conclusion of “Treasury yields rise, so BTC must fall.” More accurately: once the risk-free yield is lifted, the threshold for holding risk assets becomes higher, making it easier for earlier chasing and leveraged positions to be liquidated first.
Next, watch two signals: whether BTC can regain the $85,000 level, and whether the 10-year U.S. Treasury yield can pull back. First, see if cross-market pressure has eased, then determine whether this pullback is merely a stopping point.
$BTC
Sina Finance on September 24 at 14:27, citing a global market broadcast: BTC briefly fell to around $83.9k, down more than 2% in the past 24 hours, after previously touching near $87.3k. DOGE fell by about 7%, while ETH, SOL, and BNB dropped 2%-3%. As also reported by Block Explorer (Block客同): the U.S. 10-year Treasury yield once rose to 5.127%, reaching the highest level since 2007.
This isn’t a simple one-cause conclusion of “Treasury yields rise, so BTC must fall.” More accurately: once the risk-free yield is lifted, the threshold for holding risk assets becomes higher, making it easier for earlier chasing and leveraged positions to be liquidated first.
Next, watch two signals: whether BTC can regain the $85,000 level, and whether the 10-year U.S. Treasury yield can pull back. First, see if cross-market pressure has eased, then determine whether this pullback is merely a stopping point.
$BTC
