BTC Consolidates Under $85K Ahead of Massive Options Expiry

Bitcoin (BTC) consolidated around $84,500 on Thursday, September 24, 2026, after slipping 1.94% over 24 hours due to macroeconomic pressures and rising bond yields.

The immediate catalyst behind the broader market's contraction was a sharp ascent in traditional yields, with the 10-year US Treasury yield closing at 5.11%, while a $70 billion auction of five-year notes cleared at 5.033%, marking its highest level since 2006.

Despite this short-term pullback from Monday's peak of $87,300, BTC retains a solid 10% gain on the weekly chart, demonstrating resilience ahead of a major options expiry.