Bitcoin Drops to $76K as 10-Year Treasury Yield Hits Year High
A stacked macro setup — Treasury yields spiking, Japan 30-year at records, Iran oil shock, and ETF outflows — drove a 10% rejection from resistance and $666M in leverage flushes.
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A stacked macro setup — Treasury yields spiking, Japan 30-year at records, Iran oil shock, and ETF outflows — drove a 10% rejection from resistance and $666M in leverage flushes.
Longs absorbed $510M of an hour-long cascade as Bitcoin gave up the $80K handle, with Strategy still adding 24,869 BTC and US 30-year yields hitting 5.16% — their highest since October 2023.
Peter Schiff is sounding the alarm on U.S. sovereign debt, warning that a 30-year Treasury yield hitting 8% could be…