Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Asia Color

Asia Color

QCP CapitalQCP Capital2025/01/08 22:00
By:Eileen Ngah

Bitcoin has retraced to the $95K support level following hotter-than-expected US job data. JOLTS job openings surged to 8.1 million, surpassing the 7.74 million forecast. The unexpected strength in the labor market fueled risk-off sentiment, triggering a sell-off in risky assets as long-term bond yields spiked.

Bitcoin’s sharp price drop resulted in approximately $206 million in liquidations within an hour. The risk-off ripple effects extended across other financial markets, particularly equities, with the Nasdaq and SP 500 showing signs of weakness, hovering around 21.2K and 5.9K, respectively.

Bitcoin ETF inflows have plummeted by 94%, dropping to $52.9m from $987m. BlackRock’s IBIT stood out as the sole BTC ETF to record a significant inflow of $596.11m, while ARK and 21Shares’ ARKB led outflows, with $212.55m exiting the fund.

All eyes are on this week’s FOMC and NFP releases, which are expected to further influence Bitcoin’s price trajectory. With market anticipation building, we believe Bitcoin’s pullback is merely a pause, setting the stage for a bullish rally as Trump’s inauguration fuels optimism.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Genius Group Ordered to Sell Bitcoin Holdings

Genius Group must sell 10 BTC due to a court order, slashing its crypto treasury and market cap significantly.Unexpected Setback for Genius GroupMarket Cap Falls Below Bitcoin ReservesConcerns About Stability and Transparency

Coinomedia2025/04/04 14:11
Genius Group Ordered to Sell Bitcoin Holdings

Ethereum Price Sees 4 Straight Red Months

Ethereum has closed four red months in a row, but long-term holders remain hopeful for a rebound.Ethereum’s Tough Streak ContinuesHope on the Horizon for Ethereum Holders

Coinomedia2025/04/04 14:11
Ethereum Price Sees 4 Straight Red Months

Nexchain Emerges as April’s Best ICO: A New Era for Blockchain

Nexchain is committed to facilitating interoperability from one blockchain to the next through artificial intelligence, allowing for cross-chain communication and operational efficienciesConclusion

Coinomedia2025/04/04 14:11
Nexchain Emerges as April’s Best ICO: A New Era for Blockchain

Bitcoin Volatility Expected as U.S. Jobs Report Looms

U.S. jobs data and Powell’s speech today could trigger major Bitcoin volatility. Here’s what to watch.What to Expect from Today’s Market MovesWhy Bitcoin Traders Are Watching Closely

Coinomedia2025/04/04 14:11
Bitcoin Volatility Expected as U.S. Jobs Report Looms