Bitcoin gives back gains as long-term holder supply keeps $85K out of reach

Bitcoin failed to make another run at $85,000 as sellers held the line above current levels, while surging US bond yields weighed on stocks and precious metals.

The top 3

  1. Bitcoin Price Stalls Before $85,000 Milestone: Bitcoin failed to break through the $85,000 resistance level as increased selling pressure from long-term holders coincided with rising US bond yields impacting broader financial markets.
  2. Top 3 Historical Bitcoin Price Rejections: History shows that Bitcoin often encounters intense selling pressure before establishing new psychological milestones, mirroring current $85,000 struggles.
  3. Top 3 Assets Sensitive to Bond Yields: Beyond Bitcoin, these asset classes demonstrate the highest historical correlation with fluctuations in US 10-year Treasury yields.

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