Bitcoin Slides Toward $62K as Yields, Dollar Weigh on Sentiment

The macro backdrop is doing the heavy lifting here: with the 10-year above 5% and the dollar strengthening, bitcoin is trading as a risk asset rather than an inflation hedge, and thin weekend liquidity turned a slow grind into a liquidation cascade. What matters is whether institutional demand absorbs the selling or whether forced deleveraging compounds — the proximity to this year's low makes that a live question. Watch whether the yield-driven pressure persists into the trading week and whether ETF-style flows show stabilization, since a break of the yearly floor would shift the conversation from correction to trend.