Bitcoin Near $83K as Yields and Liquidations Weigh

Bitcoin fell below the $83,000 support zone during a sharp sell-off, briefly reaching about $82,650–$82,700, its lowest level of October. It later traded around $83,000–$84,000. More than $700 million in crypto positions were liquidated in 24 hours, affecting about 124,000 traders; the largest reported single liquidation was a roughly $26.6 million ETHUSDC position on Binance. Traders are watching $82,000–$83,000, including the $82,500–$83,000 area, as immediate Bitcoin support. A decisive break could expose the $80,000 level and trigger further liquidations. To strengthen the case for a recovery, BTC needs to reclaim resistance around $86,500–$87,000. A recent 50-day/200-day moving-average golden cross offers a longer-term technical positive, but does not guarantee a near-term rebound. Macro pressures remain significant. Brent crude was above $101 a barrel, the US dollar strengthened, and Treasury yields rose, with the 10-year yield around 5.36% and the 30-year yield at a roughly 24-year high. Federal Reserve Governor Christopher Waller said further rate increases may still be needed. Inflation concerns and tighter financial conditions could continue to weigh on Bitcoin and other risk assets.