Bitcoin back above $61,000 after rout leads to $1.6 billion liquidations
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.
0 reads·0 theses
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.