Bitcoin's move to $85,500 on cooler inflation data gave way as long-bond yields renewed a 24-year high on resilient US spending. Reuters separately reported that the Treasury's smaller-than-expected buybacks have fueled debate over what the program is actually aiming at, which is the same mechanism that drove August's breakout and has been underdelivering since. Softer inflation easing rate pressure and rising yields reversing that bid inside the same session is the pattern this market keeps repeating.