markets·19d ago
Bitcoin Surges Toward $62,000 on Jobs Data and Fed Signals
Bitcoin jumped nearly $62,000 after weak US jobs data and dovish Fed comments triggered short liquidations.
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Bitcoin jumped nearly $62,000 after weak US jobs data and dovish Fed comments triggered short liquidations.
Arkham data shows James Wynn lost $982,000 in 24 hours shorting S&P 500 perpetuals, adding to over 200 career liquidations.

Bitcoin fell toward $58,000 ahead of a major Deribit options expiry amid continued ETF outflows and leveraged liquidations.
Short liquidations pushed the total crypto market cap toward $2.15 trillion Monday.

A rapid Bitcoin rally to $63,700 triggered the largest short liquidations since April, but geopolitical tensions later reversed gains.