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Bitcoin Surges Past Eight-Month High Amid Oil Price Fall and Bet Liquidation

Guavy AI Editorial Team
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Bitcoin rose 6.7% on Monday to close at $86,620 on Binance, its highest daily close since January 28, after trading as high as $87,396.

The rally came as a fourth straight fall in oil prices pushed the US 10-year Treasury yield back below 5%, while roughly $648 million of bearish bets were liquidated during the day, according to CoinGlass data cited by 24/7 Wall St.

Strategy also disclosed a purchase of 950 BTC.

Bitcoin's move above its 50-week moving average of about $78,786 on Sunday marked the first such weekly close since November 9, 2025, according to Galaxy Research.

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