CryptoCoinDesk
Bitcoin back above $61,000 after rout leads to $1.6 billion liquidations
1 min readAnalysis by AlgoThesis Editorial Desk
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The story
Bitcoin briefly dipped below $60,000 overnight, touching $59,227, before recovering above $61,000. This follows a broader market sell-off triggered by Friday's strong jobs report, which also impacted equities and bonds.
The two-sided take
Angle
↑ LONG+5% target-3% stopTactical / 1 week
Long Bitcoin (BTC) on the bounce as the recent sell-off appears to be a liquidity-driven flush rather than a fundamental shift.
3 stocks · 3-month returnaverage · 3M-16.2%
COIN-22.8%MSTR-44.5%HOOD+18.6%Average
The house read
Wrong ifA sustained sell-off in broader risk assets (equities) or further hawkish Fed commentary could negate this bounce and drive BTC lower.
Published read · research, not advice