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Bitcoin nears $87K after breaking through sell walls as BTC short liquidations top $120M
Crypto Fear and Greed Index Falls to 71, Down 2 Points From a Day Earlier
Crypto liquidations hit $121 million in the past hour, led by short positions
Coinglass data shows BTC futures open interest rose 5.9% in 24 hours to $56.226 billion
Crypto liquidations hit $191 million in 24 hours, with 66,942 traders wiped out
Bitcoin rebounds to $84,750 as Ether holds $2,707, with $187.83 million in liquidations
Bitcoin
2026-10-01 15:55:19

Bitcoin holds a local higher-low structure as US Treasury yields pull back from 24-year highs

Bitcoin traded back above $84,000 around Thursday’s Wall Street open as US Treasury yields retreated after hitting fresh multidecade highs. TradingView data cited by Cointelegraph showed BTC/USD preserving a pattern of higher lows on the hourly chart, with the pair up 0.6% on the day and $84,000 staying in focus during the first US trading session of October. In rates markets, both the US 30-year and 10-year Treasury yields set new macro highs. The 10-year yield reached 5.342%, a level last seen in April 2002, before easing to 5.251% at the time of writing. Mahmood Pradhan, former deputy director of the European department at the International Monetary Fund, told The New York Times that global markets were "very nervous" about rising public debt, while higher yields were also raising governments’ interest costs. He added that the war in the Middle East had changed the backdrop, with higher oil prices already showing up in inflation data. Cointelegraph also pointed to the August US Personal Consumption Expenditures index, which came in at 3.4% year over year, below expectations. Market reaction was muted. Benjamin Cowen said on X that yields had risen quickly once the market began worrying that the Federal Reserve was no longer taking inflation seriously. On market structure, CoinGlass data showed $84,500 and $82,900 as nearby liquidity zones, while Rekt Capital said Bitcoin may still need a "messy" retest of support near $82,500.

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Bitcoin holds a local higher-low structure as US Treasury yields pull back from 24-year highs
Coinglass data shows bearish funding rates across major CEXs and DEXs