Bitcoin Consolidates Below $85,518 Amid Rising Treasury Yields

Bitcoin is trading at $83,560, which is 2.3% below its recent high of $85,518 and within a range of $82,951 to $85,518 over the past 24 hours.

The U.S. spot Bitcoin ETFs attracted $6.34 billion in Q3 before experiencing an outflow of $148.7 million on September 30th.

However, the 10-year Treasury yield has reached its highest level since 2002, capping Bitcoin's price under its September high of $87,400.

The market structure suggests that Bitcoin is in a consolidation phase, with its upside limited by real yields and a dollar index near 102, while its downside is supported by ETF demand and corporate treasury buying above $85,000.