Bitcoin News
By Dan Saada
1 / 15
Oil Shocks and Bond Yields Driving the Macro Chaos. The backdrop here isn't pretty. US 30-year bond yields climbed to 5.
2 / 15
The $82,000 Level Everyone's Watching. Bitcoin getting to $81,034 is notable. But analysts are pretty much laser-focused on $82,000 as…
3 / 15
What the Squeeze Tells Us. Short squeezes of this size don't happen randomly. Someone, or a lot of someones, was positioned…
4 / 15
Bitcoin punched through $81,000 Friday. It didn't creep there — it ripped, dragging a mountain of short positions with it.
5 / 15
Trading data from Bitstamp put BTC/USD at a high of $81,034 right as Wall Street opened. The move wasn't clean or slow.
6 / 15
The backdrop here isn't pretty. US 30-year bond yields climbed to 5.34%, up 90 basis points, a move that's rattling portfolios across asset classes.
7 / 15
Oil is a big part of why things feel so unstable right now. The International Energy Agency flagged supply constraints serious enough that countries may need to cut usage.
8 / 15
So you've got rising yields, oil supply stress, and central banks tightening. Not exactly a calm environment.
9 / 15
Bitcoin getting to $81,034 is notable. But analysts are pretty much laser-focused on $82,000 as the level that actually matters. Clearing it would mean something.
10 / 15
There are two technical reference points getting a lot of attention right now. First, Bitcoin's True Market Mean sits at $76,660.
11 / 15
More context: Bitcoin Stays Steady Near $76,500 Following Feds First Rate Hike Since July 2023
12 / 15
Second, and maybe more immediately relevant, is the corporate treasury cost basis at $80,500. Companies that have added Bitcoin to their balance sheets are watching that number.
13 / 15
That's a thin margin. And it's probably why the $82,000 question feels so loaded right now.
14 / 15
Short squeezes of this size don't happen randomly. Someone, or a lot of someones, was positioned heavily against Bitcoin heading into Friday.
15 / 15
The broader crypto market moved with Bitcoin, as it usually does when a liquidation wave hits.
The Currency Analytics
Want the full story?