$BTC falling under $83,000 while US 30-year Treasury yields spike to 2002 highs — classic risk-off rotation. When long-term rates climb this aggressively, it reprices everything: equities get hit, crypto gets hit harder. The bond market is screaming that either inflation expectations are re-accelerating or the Fed's credibility on controlling long-term rates is cracking. Either way, liquidity tightens and speculative assets like Bitcoin feel it first. Watch if this yield surge sustains — if 30-year stays elevated, crypto could face extended pressure as capital flows back into safer fixed income. The macro backdrop just got a lot less friendly.