Bitcoin gives back gains as long-term holder supply keeps $85K out of reach
60-second summary
Bitcoin retreats from a potential $85,000 breakout as long‑term holder supply restrains upward momentum, while rising U.S. Treasury yields depress equities and precious metals; the combined pressure forces the cryptocurrency to lose recent gains, signaling that sustained bullish pressure remains limited and suggesting continued volatility for the broader digital‑asset market.
Bitcoin failed to make another run at $85,000 as sellers held the line above current levels, while surging US bond yields weighed on stocks and precious metals.