#MarketPullback
BTCUSDT
105,865.6
+0.51%
Key Drivers Behind Today's Rally
1. U.S. Jobs Report & Risk-On Mood
May saw 139,000 new jobs, beating expectations, which boosted stocks and ignited risk appetite—flowing into crypto too.
Broad markets rallied (e.g., Dow ↑500 pts, S&P 500 topped 6,000)
2. Institutional Inflows & ETF Momentum
Renewed institutional interest in Bitcoin ETFs is supporting inflows .
Strong debut from Circle (USDC) and buzz around Gemini’s potential IPO reflect growing trust and legitimacy in the crypto sector
3. Technical “Short Squeeze” Effects
A flood of short liquidations (~$300 million in BTC shorts alone) triggered sharp upward moves .
A classic short squeeze unleashed momentum, pushing prices higher across major coins.
4. Whale Accumulation / Big Buyers
Michael Saylor (MicroStrategy) teased a 9th consecutive week of Bitcoin purchases via stock raise .
On‑chain data shows whales are actively buying the dip, signaling confidence .
5. Macro & Regulatory Tailwinds
Easing U.S.–China trade tensions and a cooling U.S. Dollar Index are tilting investors toward crypto as a hedge .
The U.K. is also easing crypto regulations (lifting ban on crypto-linked ETNs) .
