Bitcoin lost its hold on $80K, but three events may send it back sooner than markets expect
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- Bitcoin fell below $80,000 on Thursday, retested $76,000 on Monday, triggering $400 million in long‑position liquidations over four days.
- Strategy bought $2 billion of Bitcoin in the past week and retired $1.5 billion of its 2029 convertible notes to limit dilution and fund further purchases.
- U.S. Treasury 10‑year yields rose to 4.60%, the highest in 16 months, prompting investors to shift toward scarce assets such as Bitcoin.
- U.S.–Iran deal negotiations are underway, and a potential agreement, together with a weakening U.S. dollar, could restore traders’ risk appetite and boost Bitcoin demand.
Why it matters: Bitcoin holders gain as the $2 billion infusion and weakening dollar boost scarcity, while short sellers lose $400 million in liquidations; higher Treasury yields are prompting investors toward scarce assets, reinforcing Bitcoin’s demand.
