Bitcoin Climbed Past $85,000 as Shorts Closed. Will Buyers Stay After the Jobs Report?
5 Articles
5 Articles
Bitcoin climbed past $85,000 as shorts closed. Will buyers stay after the jobs report?
Bitcoin reclaimed $85,000 on October 2 before the United States released its September employment report. The rally arrived with reports of short positions closing and a softer dollar, but a trader buying back a losing short is not the same…
The leading cryptocurrency, Bitcoin, made a strong start to October. Having been stuck in the $82,000-$85,000 range at the end of September, BTC broke above this consolidation zone and rose to levels around $86,900. Whether the uptrend for BTC will continue is being closely watched, while global and cryptocurrency markets are focused today on the critical employment data coming from the US. The main reason for this is that employment […] Source:…
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NewsBTCCrypto Shorts Lose $110M In Ten Minutes As Sudden Rally Forces Traders Out
TL;DR Roughly $110 million in bearish crypto positions were liquidated during a rapid ten-minute rally on October 2. The move was concentrated on short positions, creating the mechanics of a classic short squeeze. No single verified news catalyst explains the burst, so the market event should be...
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