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Bitcoin jumps past $62K, sparking $100M in short liquidations amid institutional inflows and weak US jobs data.

Market News
04 Jul 2026, 03:22 WIB
Crypto Briefing
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Bullish
Bitcoin jumps past $62K, sparking $100M in short liquidations amid institutional inflows and weak US jobs data.

Bitcoin surged above $62,000 in early July, triggering over $100 million in liquidations of short positions as traders betting against the rise were forced to cover. This sharp rally was fueled by weaker-than-expected US jobs data, which shifted market sentiment toward risk-taking, and significant inflows of $221 million into spot Bitcoin ETFs from institutional investors. The move broke a resistance level that had held for weeks, causing a classic short squeeze that pushed prices higher. Despite recent volatility, steady ETF inflows suggest growing structural demand for Bitcoin beyond speculative trading.

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