Bitcoin rebounded to a daily high of $62,137, marking a 3% 24-hour gain and establishing a bright start to July after bouncing off a recent low of $57,735.
Key Takeaways:
Bitcoin rebounded to a daily high of $62,137 to kick off July, widening the gap from its recent local low.Over $606 million in leveraged bets were liquidated, as Coinglass data showed short positions took the brunt.While Scott Melker eyes a bottom due to whale buys, one analyst warns S&P 500 macro trends could trigger panic.“This is something we tend to see at the bottom of markets and not at the top,” he added.
