The Bitcoin price is down 2.27% to $83,509.77 in 24 hours as rising Treasury yields and renewed rate-hike fears weigh on risk assets. Bitcoin’s 86% correlation with the S&P 500 also shows how closely the crypto market is tracking broader risk sentiment during this move.
The immediate pressure comes from stronger economic data and higher bond yields, with the U.S. 10-year Treasury yield reaching 5.13%, its highest level since 2007.
The sell-off also picked up speed after the Bitcoin price lost the $84,000 area, triggering leveraged-position liquidations. More than $545 million in crypto positions, including about $447 million in longs, were liquidated over 24 hours, showing how derivatives positioning added to the downside.
But as the Bitcoin price falls, analyst Rekt Capital argues that traders should not automatically expect another 30% correction.
What you'll learn 👉
Rekt Capital Explains Why Bitcoin May Avoid a 30% Pullback
Rekt Capital’s analysis focuses on where Bitcoin is within its market cycle, instead of assuming every bull-market decline must reach the same depth. Looking at the 2022–2025 cycle, the analyst points out that Bitcoin’s pullbacks above 30% occurred during the post-halving period, whereas pre-halving retracements were only a little above 20%.
#BTC
— Rekt Capital (@rektcapital) September 24, 2026
It's always very tempting to just assume Bitcoin will go on and produce -30% pullbacks in Bull Markets
After all, deeper pullbacks afford better prices for entries
But it's not about the pullback depth we desire but about the pullback depth that is reasonably probable… https://t.co/cnMcQ696Z2
That distinction matters for the BTC price today because a 30% decline from $83,509 would take BTC toward roughly $58,500, almost exactly around the $58,000 area mentioned by Rekt Capital. His second post argues that bull-market corrections can fall within the 10%–30% range, meaning traders do not necessarily need to wait for an exact cycle low to participate in the broader trend.
The analysis also makes a practical point about timing. Rekt Capital argues that investors trying to buy the absolute bottom can miss the larger move if they wait too long, so deeper future pullbacks may offer better entries without requiring Bitcoin to revisit its lowest possible price. His historical framework does not rule out a 30% retracement, but it indicates that the depth of the next decline should be judged against Bitcoin’s position in the cycle.
Bitcoin Price Gets New Demand From ETFs and Tokenization
The latest market data gives bulls another factor to watch. U.S. spot Bitcoin ETFs recorded $998.95 million in net inflows on September 21, their largest single-day inflow since October 2025, with BlackRock’s IBIT taking $381.4 million, ARKB receiving $289.1 million, and Fidelity’s FBTC attracting $238.8 million.
That demand came alongside a broader recovery in Bitcoin, but ETF flows now need to remain strong if buyers are going to absorb pressure from higher yields. The ETF inflow also pushed the average ETF investor back into profit, creating another level traders will watch closely as BTC moves around the $84,000–$86,000 region.
Bitcoin Demand Is Recovering
— Crypto Patel (@CryptoPatel) September 24, 2026
Bitcoin demand remains negative, but it is recovering from the bottom.
The trend is gradually shifting positive. If this momentum continues, spot demand could soon flip positive, A key signal to watch for Bitcoin’s next move. pic.twitter.com/IMdubB5pqZ
There is also a new development around tokenized investment products. BlackRock is working with Ondo Finance to bring three model portfolios containing stock, bond and Bitcoin ETFs onchain, giving non-U.S. investors 24/7 trading and transfers, plus the ability to borrow against their holdings; Ondo has about $3.9 billion in tokenized assets.
⚡️JUST IN: BlackRock is bringing investment portfolios ONCHAIN, per WSJ.
— Coin Bureau (@coinbureau) September 24, 2026
Three BlackRock strategies holding stock, bond and Bitcoin ETFs will be tokenized by Ondo Finance.
The tokenization will give non-U.S. investors 24/7 trading, transfers and the ability to borrow against… pic.twitter.com/4UQj0uVADg
Related Bitcoin news: Bitcoin Price Faces a $16.2 Billion Test in Just 72 Hours!
What This Means for the Bitcoin Price
For now, the Bitcoin price is caught between two forces: macro pressure from Treasury yields and rate expectations on one side, and strong ETF demand plus growing institutional access on the other.
A 30% decline from current levels would put BTC near $58,500, but Rekt Capital’s cycle analysis indicates that such a deep retracement should not be treated as an automatic outcome. The next key test is whether the Bitcoin price can regain the $84,000 area as ETF demand remains strong despite elevated yields.
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