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💥💢✨️ Curious why $BTC is moving?
Bitcoin has surged back to $62,000 – $63,000+, rebounding from the latest lows of around $58k.
Key Reasons:
• Weak US Jobs Report — June nonfarm payrolls were far lower than expected, easing concerns about aggressive rate hikes by the Fed.
• Whale Accumulation — Large holders are buying aggressively (about ~$16.7 Billion worth of BTC in the last 2 weeks).
• ETF Inflows Return — US Spot Bitcoin ETFs (ETF Bitcoin Spot AS) ended a 10-day streak of outflows with +$221M net inflows.
• Short Squeeze — Liquidation of short positions helped drive prices higher.
Market sentiment is still cautious, but strong accumulation signals are starting to show. A solid rebound after late June losses.
What do you think? Are we back in bullish mode, or still waiting for confirmation?
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$BTC #gStocksTokenizedStocksLive