Bitcoin slid 2.48% to ~$84.2k after strong US PMI data lifted the 10-year Treasury yield above 5%, tightening financial conditions for risk assets. The move was exacerbated by heavy derivatives deleveraging, with ~$130.36M of BTC long liquidations (and ~$159.4M total) accelerating downside momentum after a failed break near $87k. Focus shifts to close-based levels around $85,056 (reclaim) and $81,154 (support).
AI Insight · BTC/USDTAI Insight
▼ Bearish
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BTC fell 2.48% to USD 84,179 as long liquidations reached USD 130.36M; USD 85,056 is the daily-close recovery trigger.