Mmastodon BusinessCrypto first seen 4 d ago, last 4 d ago, peak #4
Bitcoin tests $80,000 as macro pressures mount
Original: $BTC tests $80k as Brent crude hits $116 and 10Y yields near 5%. US spot ETFs face $635M outflows, putting institutional
Bitcoin is testing the $80,000 level as Brent crude trades near $116 and US 10-year Treasury yields approach 5%. US spot Bitcoin ETFs have seen around $635 million in outflows, reportedly leaving many institutional holders underwater on their cost basis. Traders are watching whether macro pressures will force a deeper break below support.
Why now: Rising oil prices, high bond yields and heavy ETF outflows are converging to pressure Bitcoin at a key psychological price level.
BitcoinUS spot Bitcoin ETFsBrent crudeUS 10-year Treasury
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/3619002