The rebound triggered a wave of liquidations, catching bears off guard. According to Coinglass data (12.00 pm EST), of the $114 million in leveraged positions wiped out in four hours, shorts accounted for 74% ($84.31 million). Over a 12-hour window, short liquidations topped $175.30 million, nearly doubling the $91.5 million in lost long positions. However, the 24-hour total remained skewed toward long liquidations ($484 million vs. $295 million), reflecting the severity of the weekend downturn.
Focus Shifts to Payroll DataA significant point of uncertainty remains the nomination of Kevin Warsh as the next Fed chair. The Bitunix team warned that while a “Warsh scenario” might imply a shift toward balance-sheet reduction and policy discipline, the market should remain patient. Noting that Fed decisions are made by a committee and not the chair alone, the team urged investors to wait for official policy shifts rather than reacting to media speculation regarding Warsh’s potential hawkishness.
FAQ What caused bitcoin’s rebound to $79,000? Cooling U.S.–Iran tensions and equity market gains lifted investor sentiment. How did liquidations impact traders? Short positions saw $175M wiped out in 12 hours, catching bears off guard. Why are analysts cautious despite the rally? Some expect capital rotation into AI stocks and metals, with bitcoin targets near $50,000. What market data is now in focus? Investors await U.S. payrolls and Fed policy signals, including Kevin Warsh’s nomination.
