Bitcoin holds $82,500 support as US 30-year Treasury yield hits 2002 high
In brief
- BTC/USD traded in a narrow range below $84,300, per TradingView data cited by Cointelegraph.
- US 30-year Treasury yield reached 5.58%, its highest since June 2002, per TradingView data cited by Cointelegraph.
- Trader Rekt Capital called the $82,500 support retest trend-defining.
- Glassnode said Bitcoin's NUPL hit 14.25, its highest reading since January.
Yields at multi-decade highs
BTC/USD came under pressure on Monday as risk assets fell, a move Cointelegraph tied to uncertainty over the US-Iran war and global oil supplies while bond yields spiked. The 30-year yield eased to 5.55% at the time of that report. The 10-year yield hit 5.26%, a level last seen in June 2007 (both figures per TradingView data reported by Cointelegraph).
Trading firm QCP Capital pointed to the week ahead.
“Bitcoin’s recent technical strength faces potential pressure from the convergence of geopolitical uncertainty, macroeconomic data risk, and broad-based deleveraging,”
QCP said war developments and upcoming US macro data are the main short-term volatility catalysts for crypto and risk assets. That calendar includes the August PCE index print on Wednesday and September nonfarm payrolls on Friday.
A "trend-defining" retest
Rekt Capital said BTC/USD is retesting the top of the $60,000-$80,000 range, where it spent much of 2026, as support. He described the current retest as trend-defining. On weekly time frames, Bitcoin's price is still repeating an inverse head-and-shoulders reversal pattern that began its recovery from the 2022 bear market, according to Cointelegraph.
The $82,500 level didn't break.
Glassnode sees profit-taking build
Glassnode's Market Pulse update said profit-taking by Bitcoin investors is increasingly affecting price momentum. Realized and unrealized profit both rose considerably over the past week, and the platform described overall profitability as "stretched" at current prices.
The numbers behind that view are specific. Bitcoin's net unrealized profit/loss (NUPL) metric hit 14.25 at the start of the week, its highest reading since January, per Glassnode. The ratio of coins moving onchain in profit versus in loss rose from 0.8 to 1.4 last week, a shift Glassnode said points to a market dominated by profit-taking.
It's not the first time that concern has come up. Cointelegraph previously reported expectations that price gains would stall closer to $90,000 as investors locked in profit. For now, the level Rekt Capital flagged (the one he says defines the trend) is holding, and this week's PCE and payrolls prints are the next data points QCP is watching.
Frequently asked questions
Why is $82,500 an important level for Bitcoin?
Trader Rekt Capital identified $82,500 as a level essential to protecting Bitcoin's uptrend. He said BTC/USD is retesting the top of the $60,000-$80,000 range, where it spent much of 2026, as support, and called the current retest trend-defining.
What does Glassnode's data say about Bitcoin profit-taking?
Glassnode's Market Pulse update said Bitcoin's NUPL metric hit 14.25 at the start of the week, its highest since January. The ratio of coins moving onchain in profit versus in loss rose from 0.8 to 1.4 last week, which Glassnode said points to a market dominated by profit-taking.
What macro events could move Bitcoin this week?
QCP Capital identified war developments and upcoming US macroeconomic data as the main short-term volatility catalysts for crypto and risk assets. Scheduled data included the August PCE index print on Wednesday and September nonfarm payrolls on Friday.
