Bitcoin failed three times to break through $87,000 and finally corrected to $85,734 (-0.94%) this morning. BNB followed, falling to $786.74 (-1.08%). Everything is in the red.
It’s not just whales selling. The problem is outside crypto.
The US 10-year bond yield is back at 5.32%—its highest since 2002. That means investors can earn 5%+ just by parking their money in US government bonds, risk-free. Why bother buying volatile BTC?
This is what’s made $87K a concrete ceiling three times in a row since September 23. Every time BTC gets close to $87K, it gets hit with heavy selling.
But there’s something holding it back:
U.S. jobs data for September came in weak, so the odds of the Fed not raising interest rates in October rose from 76% to 85%. That’s good for BTC.
Strategy just bought 334 BTC worth $28.7 million. Their total holdings are now 848,000 BTC. Big whales are still buying at $86K.
ETFs also saw $999 million in inflows last week, after a brief $5.8 billion outflow.
So the market is in a tug-of-war right now: high yields are pulling it down, but whales and ETFs are holding the floor.
Key levels today: $85K–$85,500. If strong bids return there, we could bounce. If it breaks down, $84,200 is next.
The Fear & Greed Index is still at 68 (Greed)—meaning people aren’t scared yet, so the correction may not be over.
Are you waiting for $85K, or are you brave enough to buy the dip now?
