Bitcoin survives a 5.2% Treasury shock as traders slash $1.7 billion in leverage - Cryptonews.net
Bitcoin survives a 5.2% Treasury shock as traders slash $1.7 billion in leverage - Cryptonews.net
Source: Cryptonews.net
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DW NOTE
Bitcoin fell to $85,400 in a leverage flush that wiped $1.7 billion in open interest after the 10-year Treasury yield spiked above 5.1%. The headline calls this "survival." A 5% drawdown that forces traders to close two billion in positions is not resilience — it's a reminder that Bitcoin still behaves like a tech stock when real rates rise.