Bitcoin slid 3.2% to $84,000 after hammering an intraday low of $82,600, while the 10‑year U.S. Treasury yield crossed the 5% mark, tightening risk appetite.
Minal Thukral, Executive Vice President‑Growth & Crypto Business Head at CoinDCX, said the digital asset was consolidating around $84,250 as the Crypto Fear and Greed Index hovered at a bullish 73.
Spot Bitcoin ETFs recorded inflows of $2.65 bn for the fifth straight day, according to data from CoinSwitch Markets Desk, and whale‑level holders have amassed more than 113,000 BTC since mid‑July, signalling persistent demand.
Derivatives activity cooled noticeably: open interest fell 16% to $376 bn, daily volume dropped 16.3% to $937.4 bn, and long liquidations peaked at $208.6 m versus $116.8 m in short liquidations, per WazirX founder Nischal Shetty.
With the September‑25 options expiry looming, traders will focus on 10‑year yield dynamics and oil‑price swings; a weekly close above $82,500 could pave the way for a move toward $85,000, according to Giottus CEO Vikram Subburaj.
The market’s near‑term outlook hinges on the next quarterly crypto‑options settlement and the trajectory of U.S. Treasury yields, with analysts urging cautious leverage use until key support levels are confirmed.