Bitcoin Price Prediction: Bond Yields Hit 2008 Levels As BTC Drops Back Below $78,000
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Bitcoin slid to $77,033 on May 18 as the 30-year Treasury yield closed at 5.12% and the 10-year hit 4.63%, pushing markets to fully price out Fed rate cuts and raise hike bets. The move forced $167M of long liquidations versus $21.04M for shorts in 24 hours, options volume surged 64.78%, and BTC lost key 0.618 and 0.705 Fibonacci supports at $79,249 and $81,958 with FVG support zones between $70,000 and $75,574. The macro-driven selloff increases crypto market risk for leveraged positions and could pressure flows across CEX, DEX and DeFi venues.
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- The 30-year Treasury yield closed at 5.12% and the 10-year hit 4.63%, pushing traders to fully price out Fed rate cuts and increase bets on a hike
- BTC dropped to $77,033 as longs absorbed $167M in 24h liquidations against $21.04M for shorts, with options volume surging 64.78%
- Price lost the 0.618 Fib at $79,249 with three FVG zones stacked between $70,000 and $75,574 as the next support cluster below
Bitcoin trades at $77,033 on May 18, sliding back below levels it spent two weeks reclaiming, as the 30-year Treasury yield closes at its highest since before the 2008 financial crisis and traders fully price out any chance of a Fed rate cut this year.
Why Bitcoin Is Falling While Stocks Look Calm
BTC lost the 0.618 Fib at $79,249 and the 0.705 Fib at $81,958 in quick succession after the bond market repriced sharp…
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