Bitcoin is trading near $79,000, down roughly 1% over the past 24 hours, after stalling in the $80,000–$82,000 range it failed to break through. Institutional investors have been taking profits following recent gains, with Bitcoin ETF outflows now at their worst pace since February. A surge in 10-year Treasury yields has added pressure, pulling capital away from risk assets across the board.
Rising Treasury yields make low-risk government bonds more attractive relative to volatile assets like Bitcoin — so when yields surge, institutions often rotate out of crypto and into bonds. ETF outflows at their worst pace since February signal that the "smart money" is stepping back, not adding exposure. Investors holding spot Bitcoin or crypto ETFs like IBIT or FBTC should watch whether this becomes a sustained trend or a brief shakeout.
Watch the 10-year Treasury yield daily — if it pushes above 4.5–4.7%, expect continued pressure on crypto. Next major macro catalyst: the upcoming U.S. CPI inflation report (check the Bureau of Labor Statistics release calendar for the exact date), which will drive yield expectations. Also monitor weekly Bitcoin ETF flow data, typically reported each Thursday by issuers like BlackRock and Fidelity.
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