Glassnode: $50M in Bitcoin shorts liquidated 10 minutes before US jobs report
- —$50M in BTC shorts liquidated within 10 minutes on Oct 2, before the jobs report
- —After the report, $11M in longs were liquidated versus $2M in shorts as BTC fell over 1%
- —Open interest rose $2.1B before the report and dropped $1.5B afterward
- —Odds of a Fed rate hike on Oct 28 fell from 66% to 22%
Why it matters: The data shows leveraged traders are positioning around macro prints, with CPI on Oct 14 as the next key test.
Source: Koin Bülteni