Bitcoin, XRP Falls as Bond Yields Spike—So Why Are Whales Still Buying
Bitcoin (CRYPTO: BTC) falls as bond yields hit multi-decade highs on Thursday, even as whale wallets continue accumulating during the pullback. What’s Driving the Selloff CoinDesk reported Thursday that the MOVE index, which tracks expected volatility in the Treasury market, jumped 21% to above 95, its highest level since April. Treasury yields told the same story: 10-year yield: 5.116%, highest since 2007 30-year yield: 5.419%, highest since 2004 That bond market stress spilled straight into crypto. Two hours before the U.S. market open, Bitcoin trades at $83,500, down 2.5% over 24 hours, with Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) down closer to 3% and XRP (CRYPTO: XRP) lower by 7.5%. Meanwhile, Initial jobless claims stayed under 200,000 for the week, coming in at 197,000, showing the labor market remains resilient even as bond markets churn. DoubleLine Capital founder Jeff Gundlach summed up the Fed’s bind bluntly: “If the Fed hikes it will worsen the interest expense problem, since so much borrowing is at the short end. If the Fed cuts, it will worsen the inflation problem.” Why Whales Aren’t Backing Off Santiment posted on X that Bitcoin wallets holding 100 to 1,000
Bitcoin (CRYPTO: BTC) falls as bond yields hit multi-decade highs on Thursday, even as whale wallets continue accumulating during the pullback. What’s Driving the Selloff CoinDesk reported Thursday that the MOVE index, which tracks expected volatility in the Treasury market, jumped 21% to above 95, its highest level since April. 419%, highest since 2004 That bond market stress spilled straight into crypto. S.
5%. Meanwhile, Initial jobless claims stayed under 200,000 for the week, coming in at 197,000, showing the labor market remains resilient even as bond markets churn. DoubleLine Capital founder Jeff Gundlach summed up the Fed’s bind bluntly: “If the Fed hikes it will worsen the interest expense problem, since so much borrowing is at the short end. 24 million BTC.
Santiment’s five-year analysis found this wallet tier correlates closely with market direction, with accumulation often showing up before or during stronger price periods. That pattern is playing out again now. Bitcoin has climbed sharply since mid-August while this group kept stacking, suggesting the rally has real support from well-capitalized holders rather than resting entirely on retail enthusiasm. Santiment noted that sustained buying from this tier has historically served as valuable alpha, particularly when paired with retail fear and exchange-flow data pointing the same direction.
Bitcoin Price Prediction: Key Levels to Watch BTC pulls back for a second straight session Thursday, testing the former May resistance band between $82,500 and $83,000 from above, a key retest following last week’s breakout. The trend structure stays bullish, with the 20-day EMA at $80,276 trading above the 50-day, 100-day, and 200-day EMAs. 18, cooling from overbought territory but still holding above its signal line.
Key levels for BTC: $87,000 — recent high, resistance above $82,500 to $83,000 — retested breakout band, critical support $80,276 — 20-day EMA, deeper support Read Also: Bitcoin Broke Out While Gold, Stocks Struggled: It Feels Like 'The Upside Down' Photo via Shutterstock