Bitcoin Stalls Below $83K Ahead of Massive Options Expiry

Bitcoin recently rallied above the eighty thousand dollar mark following a strong August short squeeze, but the upward momentum has stalled. Sellers stepped in heavily, pushing the leading cryptocurrency back into a familiar trading range.

Rising Treasury yields are adding pressure to the broader financial markets, leaving crypto traders cautious. Market participants are now closely watching a massive fourteen billion dollar options expiry that could spark fresh volatility across the board.

For now, Bitcoin needs to break through this tough supply zone to resume its bull run. Traders should watch key support levels closely over the coming days as the market absorbs the upcoming derivatives settlement.