Bitcoin briefly fell below $81,000 amid bond market rally and asset correlation shift

On Oct. 22, Bitcoin briefly lost its $81,000 footing, while the Nasdaq dropped over 2%, spot gold fell about 2.7% to $4,025, and silver sank about 5.8% to near $54.63. The 10-year Treasury yield fell below 5% from 5.146%, marking a two-year high for the drop, reflecting Treasury buying. This simultaneous decline in Bitcoin, equities, and gold, coupled with a bond rally, suggests a shift where funding drives investors into bonds and out of riskier holdings, contrary to usual asset movements.