📢 Market Movement
Sell-off after labor market data: Bitcoin had been advancing confidently above $82,000, but it fell sharply to below $78,700 after the release of strong U.S. labor market data. The strong figures reduced expectations for aggressive easing in Federal Reserve policy, putting immediate pressure on risk assets.
Massive liquidation: Amid this momentum, trader positions worth hundreds of millions of dollars (with estimates for long position liquidations between $200 million and nearly $300 million) were liquidated within minutes, immediately wiping out excessive market optimism.
Record inflows into ETF funds: The irony of the day is that just before the sell-off, U.S. spot Bitcoin exchange-traded funds recorded their largest net daily inflows since January — with investors pouring in about $731 million — yet the local macroeconomic shock quickly reversed the trend.
#BTC #BITCOIN #ETF $BTC
Sell-off after labor market data: Bitcoin had been advancing confidently above $82,000, but it fell sharply to below $78,700 after the release of strong U.S. labor market data. The strong figures reduced expectations for aggressive easing in Federal Reserve policy, putting immediate pressure on risk assets.
Massive liquidation: Amid this momentum, trader positions worth hundreds of millions of dollars (with estimates for long position liquidations between $200 million and nearly $300 million) were liquidated within minutes, immediately wiping out excessive market optimism.
Record inflows into ETF funds: The irony of the day is that just before the sell-off, U.S. spot Bitcoin exchange-traded funds recorded their largest net daily inflows since January — with investors pouring in about $731 million — yet the local macroeconomic shock quickly reversed the trend.
#BTC #BITCOIN #ETF $BTC
