Bitcoin weakened in early Asia trading on Monday, sliding under $87,500 as Japanese bond yields spiked to levels not seen since 2008. The move strengthened the yen, accelerated carry-trade unwinds, and triggered a wave of crypto liquidations during thin liquidity hours.
The pressure followed a sharp rise in Japan’s short-term government bond yields — a shift that traders increasingly interpret as a sign the Bank of Japan (BOJ) may be preparing its first rate hike in more than a decade
BTCUSDT
Perp
90,224
-0.08%