Bitcoin survives a 5.2% Treasury shock as traders slash $1.7 billion in leverage

Bitcoin has held near $84,000 even as US borrowing costs hit multi-decade highs and $1.7 billion of derivatives exposure disappears.

• Bitcoin has shown resilience, holding near $84,000 despite a significant shock in US Treasury yields reaching multi-decade highs.
• Traders have reduced substantial leverage, with $1.7 billion in derivatives exposure disappearing, indicating a deleveraging event without a proportional price collapse.
• Upcoming economic data, including PCE inflation and employment reports, will be crucial in determining if Bitcoin can continue to resist rising long-term yields.

Topics: Market cycles macro sensitivity, Public debt, Blockchain usage, Interest rate sensitivity, Tokenized us treasuries, Ethereum evm l 1 s

Tags: #bitcoin #treasuryyields #leverage #derivatives #macroeconomicshock #usbonds #interestrates #cryptomarket #pceinflation #employmentreport

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