Bitcoin slides to $83,300 as bond yields hit highest level since 2007

BTCUSD: near-term bearish, but not one-way. The yield spike is a headwind because higher Treasury returns and a firmer dollar can tighten financial conditions and make speculative assets less attractive. The accompanying declines in equities and crypto suggest broader risk aversion, not an isolated Bitcoin catalyst. CoinDesk reports Bitcoin near $83,344, with futures open interest falling faster than price—a pattern consistent with long-position unwinding rather than a clear buildup of fresh shorts.

The dip buying noted in the supplied text may limit immediate downside, but it does not yet establish a durable reversal. The bearish pressure could ease if yields and the dollar stabilize; it could intensify if yields keep rising and risk assets remain under pressure. Traders should watch Treasury yields and the dollar alongside BTC’s price action and derivatives positioning. A large BTC/ETH options expiry flagged for Friday could also add short-term volatility.