Bitcoin trades near $84,000 amid profit-taking and Treasury yield pressure

Bitcoin traded near $84,000 following profit-booking from recent peaks, as rising US Treasury yields weighed on risk assets globally. The cryptocurrency faced intraday volatility, with $80 million in long liquidations recorded during the session.

Despite the near-term pullback, consistent inflows into Bitcoin ETFs and accumulation by large holders (whales) pointed to sustained underlying demand. Key technical support levels held firm, suggesting buyers remained active despite macroeconomic headwinds affecting broader markets.