Bitcoin edges higher ahead of U.S. jobs report as global bond yields surge
Derivatives open interest rose 4.3% to $56.2 billion as short liquidations topped $120 million ahead of Friday’s U.S. jobs report.
- On Oct 2, Bitcoin broke through a concentrated sell wall near $85,000, reaching $86,857—its highest price since Sept 23—as buyers cleared ask liquidity toward $87,800.
- Rising derivatives activity supported the rally, with Open interest climbing to approximately 653,000 BTC and perpetual Funding rates jumping from around 3% to 10%.
- The price surge triggered $122 million in BTC short liquidations over 24 hours, while Crypto-linked equities Coinbase and Robinhood gained approximately 2% in premarket trading.
- Bitcoin ETFs recorded net inflows of $102.7 million on Oct 1, led by BlackRock's $195 million, with Glassnode noting sustained inflows are essential to confirm support.
- Resistance hurdles near $87,800 loom ahead, with liquidation exposure clustered above $87,300, as markets await the latest jobs figures to gauge further volatility.
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Bitcoin accelerates on Friday (2) and renegotiates above $86,000, supported by a weaker payroll than expected in the United States and the resumption of ETF entries in view of cryptocurrencies. At around 11:30 a.m., bitcoin rose 3.4% in 24 hours, to $86,124.20, according to CoinGecko. In Brazil, it was traded at R$450.111.24, at 2.88%, according to the CoinTrader Monitor. The American economy created 29 thousand vacancies in September, below 84 …
Times of India
Cryptocurrency News | Cryptocurrency Prices | Market CapBitcoin leads crypto market rebound above $85K as short liquidations accelerate
Crypto markets rose on Friday as total market capitalisation reached $3.042 trillion, with Bitcoin reclaiming $85,000 amid easing Treasury yields and a short squeeze. Bitcoin gained about 2%, while Ethereum held above $2,700. Investors now await US jobs data for clues on Treasury yields, the dollar and crypto’s next move.
Bitcoin (BTC) was heavily influenced this week by US inflation, growth, and employment indicators. Around September 28th, it briefly rose to approximately $82,000 due to rising US Treasury yields and the situation in the Middle East... The post US employment slowdown dampens expectations of further interest rate hikes, Bitcoin briefly surpasses $87,000, but why it couldn't maintain its rise [Xwin] first appeared on NADA NEWS.
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