In-depth analysis of BTC's 2,000-point plunge: It's not news, it's US Treasury bonds killing the market
At 15:34 in the afternoon, BTC was at 82,918, down 1.78% in 24 hours. Starting from 84,974 at 8:15 in the morning, it dropped 2,000 points in 7 hours. The entire network saw liquidations of 192 million, with long positions accounting for 74% of the liquidations.
The triple logic behind this drop:
First layer: US Treasury yield at 5.18%, a 17-year high. Risk-free yield over 5%, while Bitcoin has zero yield plus high volatility, so capital outflow is inevitable. This is not just about the crypto market; it's about global asset pricing.
Second layer: Trump rejected Iran's ceasefire proposal. The Strait of Hormuz deadlock remains unresolved, Brent crude oil rose above $98, and risk-off sentiment intensified.
Third layer: Technical side, BTC failed three times to break through 85,000. After the 1-hour moving average fell below 84,400, selling accelerated. This is a stampede by the bulls themselves, not a dump by the bears.
My positions: BTC 10x short grid + ETH 10x short grid. Finally, the direction has arrived, but honestly, holding on for so long has been tough, and I still haven't won!
Key levels this week: Below 80,516 is a dense liquidation zone for long positions totaling 1 billion, above 88,520 is a liquidation zone for short positions totaling 985 million. Data from Tuesday and Wednesday will determine the direction.
In summary: US Treasury yields are the real market makers behind this move.
If you were the market maker, would you liquidate longs downward or shorts upward?
$BTC$ETH$ZEC
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