US bond yields fell sharply around Thursday’s Wall Street open as Bitcoin price action sought to preserve a local trend of higher lows.

Bitcoin erased its post-PCE gains as analysts cautioned that methodology changes complicated the lower-than-expected inflation reading.

Bitcoin gained 42.71% in Q3, its best third-quarter performance since 2017, as US spot ETFs attracted $6.34 billion in net inflows.

The bank also expects Ethena’s ENA token to rise roughly sevenfold to $2 by the end of 2028 as USDe scales and token buybacks increase.

CryptoQuant flagged potential selling pressure as deposit transactions and depositing addresses hit their highest counts since October 2025.

Ether ETFs shed $3 million Tuesday after seven days of inflows, following an $8 million outflow from Zcash funds at the start of the week.

Bitcoin failed to make another run at $85,000 as sellers held the line above current levels, while surging US bond yields weighed on stocks and precious metals.

Bitcoin price action consolidated after early-week losses while protecting a “trend-defining” support zone.

US spot crypto ETF inflows fell about 80% from Friday as Bitcoin, Ether, Solana and XRP funds attracted $64.8 million combined on Monday.

Bitcoin fell below $83,000 to start the week amid US-Iran war developments but remains up more than 40% for Q3 ahead of key inflation and jobs data.