Bitcoin Faces Resistance at $82K as 10-Year Treasury Yield Hits 4.8%

Bitcoin faces resistance below $83,000-$86,000 after a short-lived rally following an August short squeeze. On-chain data shows higher unrealized profit levels compared to May, increasing potential sell pressure. Meanwhile, the 10-year US Treasury yield has climbed back to 4.8%, and Bitcoin spot ETF trading volume remains relatively subdued. The market is currently range-bound between a support level of $62,000-$65,000 and overhead resistance, with the September 25 quarterly options expiry serving as a key anchor for volatility.