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Bitcoin Falls Below $84,000 as Institutional Demand Weakens and Treasury Yields Rise

Guavy AI Editorial Team
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BTC
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Bitcoin prices fell below $84,000 on Thursday after failing to close above the $85,000 resistance zone in the previous session.

The cryptocurrency's bullish momentum weakened as US Treasury yields and the dollar climbed, keeping investor sentiment cautious towards risk assets.

Data from SoSoValue showed that spot Bitcoin exchange-traded funds (ETFs) recorded net outflows of $148.69 million on Wednesday, ending a nine-day streak of inflows.

This signals weakening institutional demand for Bitcoin, which could lead to a deeper correction if outflows persist and accelerate in the coming days.

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