Bitcoin’s $60K rebound just collapsed as $427M in long liquidations followed sticky inflation data

Bitcoin’s rebound above $60,000 just failed because the bundle of U.S. macro data released June 25 gave risk traders the opposite of clean relief: sticky inflation, firm demand, a stronger growth revision, fewer jobless claims, and resilient ex-transport orders. Bitcoin briefly flash-crashed in a liquidation-driven flush, falling from an intraday high near $61,844 to a…

Read More

Bitcoin network activity has a dramatic rebound

Bitcoin’s blockchain is showing its strongest activity since late 2024, creating a rare split between rising network use and a weakening market price. CryptoQuant said in a note shared with CryptoSlate that its Bitcoin Network Activity Index has moved above its long-term trend for the first time since mid-2024. The index has climbed steadily since…

Read More
Translate »