Bitcoin Price Slips as U.S. Treasury Yields, Oil Prices Rise
Bitcoin (BTC) price slipped by 1.30% to $76,790 on Tuesday, closely tracking a 0.57% dip in the total crypto market capitalisation, driven by macro pressure from rising yields and oil.
The sell-off was fuelled by rising US Treasury yields and Brent crude oil above $108, tightening financial conditions and dampening appetite for speculative assets like crypto.
Crypto analysts have projected today’s U.S. Clarity vote to act as the next catalyst for cryptocurrencies – in addition to the Treasury bond buyback plan.
Traders said Bitcoin is acting as a high-beta risk asset, not a decoupled hedge, in this macro environment. BTC Price faced persistent resistance at $78,300β$79,000, a ceiling that has capped rallies for weeks.
The rejection was accompanied by a 59.7% spike in volume and a 97% surge in liquidations to $80.79 million, dominated by short squeezes. Sellers defended a major supply zone, forcing over-leveraged longs to exit and adding downward momentum.
The immediate catalyst is the Fed’s policy announcement on September 16. If Bitcoin holds above the $76,000β$76,500 support cluster, it could retest $78,500.
However, a decisive break below $76,000, where leveraged long positions are concentrated, risks a sharper drop toward the $74,000β$73,000 area.
The market is in a holding pattern, with volatility likely to expand after the macro event. Bitcoin’s modest decline reflects cautious positioning ahead of a major macro catalyst, compounded by technical overhead and leverage flush.
Morgan Stanleyβs spot Bitcoin fund now manages around $609 to $610 million after a stretch of steady inflows. Reports indicate that Morgan Stanleyβs (MSBT) fund now holds about $609 to $610 million in Bitcoin, after recent inflows pushed its net assets to approximately $610.13 million.
One analysis notes that the fund bought around $62.2 million of Bitcoin over the last 20 trading days and has only recorded a single day of outflows since launch, with a $5.26 million outflow in late May.
Morgan Stanley is not just βdabblingβ; it now runs a mid-sized Bitcoin product with a consistent net buying pattern. While MSBT has been pulling in cash, several other US spot Bitcoin ETFs have recently seen redemptions.
In the week ending 11 September, Bitcoin ETFs as a group recorded about $463 million in net outflows, yet Morgan Stanleyβs MSBT was one of the few funds still posting inflows of roughly $19.7 million, according to one market update.
Other coverage of the same period shows ARKβs ARKB, Grayscaleβs GBTC and BlackRockβs IBIT leading outflows, while MSBT stood out as a consistent buyer.
Total US spot Bitcoin ETF assets are near the psychological $100 billion level, with recent estimates around $97 to $99 billion and cumulative net inflows above $55 billion.
If MSBT continues to attract capital while peers fluctuate, its share of that pool could grow, strengthening the βlarge banks are in Bitcoinβ narrative.
At the same time, macro events like Federal Reserve rate decisions and US crypto legislation, such as the CLARITY Act, could influence whether inflows resume broadly or remain selective across issuers.
For Bitcoin watchers, ETF flows from big names like Morgan Stanley are becoming a key indicator of institutional sentiment in any given week.
Morgan Stanleyβs Bitcoin fund crossing about $609 to $610 million in assets is a tangible sign that a major global bank is steadily adding to spot Bitcoin exposure on behalf of clients.
The fact that MSBT keeps seeing inflows even as some rival ETFs face redemptions suggests a more nuanced institutional picture than headline outflow numbers alone imply.
