Bitcoin back above $61,000 after rout leads to $1.6 billion liquidations
Jobs shock caused BTC liquidations and a quick rebound, raising short-term volatility risk.
Detailed read
Strong US jobs data set off cross-asset risk-off, driving Bitcoin down to ~59.2k and prompting roughly $1.6B in reported liquidations before a recovery above $61k; the episode highlights how macro shocks can produce sharp, short-lived crypto volatility. Traders should expect continued two-way price action while macro data remains volatile.
Historical signal. The original monitoring horizon was first 1h - 4h after publication.
Bitcoin fell as low as $59,227 overnight before recovering, steadying after Friday's strong jobs report set off a selloff that sank the Nasdaq 100 about 5% and rattled stocks, bonds and crypto together.
Why it matters
Macro surprise amplified funding- and leverage-driven flows, causing forced deleveraging that increases short-term volatility across crypto markets.
What could go wrong
If the selloff proves shallow and macro risk eases, liquidations may look overstated and the market can quickly revert, invalidating a sustained bearish read.