🧐👉 Why a Strong Jobs Report Triggered a $1.28B Bitcoin Bloodbath #QixNewsCrypto

🔉 Bitcoin’s June Bloodbath Explained: Causes, Market Impact, and Outlook A stronger-than-expected US jobs report triggered a massive sell-off across financial markets, with Bitcoin bearing the brunt of the carnage. Over $1.28 billion in long liquidations occurred in just five days as BTC plunged toward $60,000. 🔍 What Happened? – US added 272,000 jobs in May, far above the 88,000 forecast – Market interpreted this as a sign the Fed will keep rates higher for longer – Rate hike expectations jumped from 40% to 57% – $2.5 trillion wiped out from major markets in a single day (S&P 500, Nasdaq, gold, silver, Bitcoin) 💥 Bitcoin-Specific Factors – Excessive leverage: Funding rates remained positive even as prices fell, showing traders were stubbornly long – Open interest surged 14.1%