nfpusa

The Friday macroeconomic uppercut from the NFP knocked Bitcoin down to a local bottom at $59,100, triggering the largest cascade of forced liquidations this year at $1.6 billion and sending the fear index plummeting to a panic level of 11. Greedy long traders, piled into derivatives betting on a summer rate cut from the Fed, accounted for 76% of the total volume in this cleansing storm, with most of the collateral traditionally getting slaughtered on Binance and Hyperliquid.

The panic drop below $60,000 washed the market of excess leveraged retail traders, and while Saturday's rebound of BTC above $61,300 looks promising, it’s too early to celebrate until Monday and the opening of full trading on Wall Street — liquidity over the weekend is thin, and the breached 200-day moving average now acts as tough resistance.

​#BitcoinCrash #CryptoLiquidations #NFPUSA #BinanceSquare #LeverageFlush