Bitcoin Falls Below $84,000 as Profit-Taking and Rising Treasury Yields Hit Crypto - FinanceFeeds

Bitcoin slipped below $84,000 on September 24, extending a reversal after an eight-month high this week as traders took profits and rising U.S. Treasury yields weighed on risk assets. During Asian hours, it traded around $83,900, down more than 2% over 24 hours, after climbing to nearly $87,300 earlier in the week. The selloff follows a rapid run-up from below $78,000 to roughly $87,381—up more than $10,000 in four days—fuelled by strong U.S. spot ETF demand and a short squeeze. The article highlights $84,000–$85,000 as a key zone that previously acted as resistance and is identified by Glassnode as long-term holder supply. Macro pressure intensified as the 10-year Treasury yield rose to 5.11% and economic data lifted expectations for elevated rates. Derivatives unwind accelerated losses, with $545 million liquidated over 24 hours, including about $447 million in longs. The piece also notes U.S. spot ETF inflows around $999 million on September 21 and $714.7 million on September 22, then describes leverage clearing as the rally slowed.