Bitcoin Holds Near $83K as Lighter Slides on Robinhood’s U.S. Perpetual Futures Plan
Bitcoin traded near $83,000 in European hours on Sept. 30, slipping 0.57% since midnight UTC to $83,164, while broader crypto markets showed a split performance. CoinDesk 100 constituents were evenly divided between gainers and losers, and the CoinDesk DeFi Index fell 2.3% over 24 hours, with AAVE dropping 4.4% after the token had surged 11% a day earlier.
The move came as traders watched macro signals ahead of the U.S. personal consumption expenditures price index, the Federal Reserve’s preferred inflation gauge. U.S. Treasury yields remained elevated, with the 30-year yield above 5.6%, its highest level since June 2002, while the 10-year yield approached 5.3%, according to CNBC. Traditional risk assets were firmer, with S&P 500 futures up 0.27% and the Stoxx 600 gaining 0.74%.
In derivatives, leverage continued to cool. Total liquidations fell to $196 million from $389 million a day earlier, open interest slipped to $147 billion, and trading volume dropped 16.9% to $181 billion, according to CoinGlass. BTC futures open interest fell to 625,000 BTC, the lowest since Jan. 1, even as the coin had rallied from $57,000 in June to above $80,000, pointing to spot demand rather than leverage. Robinhood’s announcement that it will offer crypto perpetual futures to U.S. customers through its own derivatives arm also hit Lighter, whose token fell 17% over 24 hours and 5.6% since midnight UTC.
