【Crypto World】 Recently, Bitcoin staged an exciting short squeeze. The price surged above $95,000, and within 24 hours, approximately $591 million worth of short positions were forcibly liquidated, nearly half of which came from a major exchange.
The trigger for this rebound is quite interesting—US core inflation data came in below expectations, initially thought to boost Bitcoin’s price. But things are not that simple. The inflation rate fell to 2.7%, which is down but still above the Federal Reserve’s comfort zone. This means the market’s long-held expectation of an “early Fed rate cut” may need to be revised.
As a result, Bitcoin’s rally also hit a sharp pause. It has already retraced about 25% from its all-time high, reflecting investors’ cautious attitude towards future policy directions. Short-term volatility will depend on the Fed’s next move.
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just_another_wallet
· 9h ago
The bears are begging for mercy again, and 590 million dollars are gone just like that haha
But seriously, the inflation data is a bit awkward, not low enough nor high enough, the Federal Reserve's move hasn't even been played yet
This wave of correction feels like just the beginning, only when the Federal Reserve truly acts will we know what a real show is
95k seems pretty fierce but is actually just a feint? Not looking at the fundamentals still hurts deep
Why does it feel like the market is all driven by news, with no real bottom support
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StealthDeployer
· 10h ago
The bears got beaten again, but this rally clearly looks fake. Inflation is still high, and the Federal Reserve isn't cutting rates anymore. Who dares to chase the highs?
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5.9 billion liquidation, it's satisfying, but I'm just worried that another wave of plunge is coming.
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Why does this rebound feel like a last gasp? No signals from the Fed, so why is Bitcoin bullish?
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Watching the show, some bears have been wiped out, but the bulls shouldn't celebrate too early.
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Inflation at 2.7% isn't low enough, and the Federal Reserve is determined not to cut rates, so this price surge can't last.
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A 25% retracement from the all-time high—this called a rebound? I think it's a trap, brother.
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Another rebound induced by inflation data—wake up, everyone.
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A 25% correction is nothing; just wait and see how deep it can fall.
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The next move by the Federal Reserve is the key; anything said now is just talk.
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BoredStaker
· 10h ago
590 million shorts wiped out, haha, this is the show I like to watch
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Inflation at 2.7% and still trying to tell stories, the Federal Reserve isn't that easy to deal with
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Just want to run at 95,000? Wait, some haven't closed their positions yet
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Sudden brake? Just brake suddenly, anyway I didn't do any reverse shorts
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A 25% pullback from the all-time high, what's that... I've seen it worse
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The Federal Reserve is the big player, we're just here for the ride
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I'm pretty happy to see the shorts bloodied, just don't know how high it can go
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Wow, as soon as the inflation data came out, everything was a loss, this script is well written
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The orders from top exchanges account for half? Feels a bit familiar
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Keep waiting, the next Federal Reserve meeting will be the real watershed
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ForkMaster
· 10h ago
This short position was completely cut off. Unfortunately, the milk powder money for my three kids has already been locked up, so I can only watch the show.
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Layer2Observer
· 10h ago
The shorts were wiped out, but this rally feels so fake. Inflation at 2.7% is still high, and the Federal Reserve definitely won't loosen policy so quickly. The market is still stuck on this point.
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MetaMaximalist
· 10h ago
ngl the leverage liquidations are just noise if you understand adoption curves properly... 2.7% inflation still signals institutional accumulation phases, not capitulation. most retail doesn't get that macro policy divergence *accelerates* network effects during consolidation periods. the fed narrative is honestly secondary to what's happening with spatial computing infrastructure buildouts.
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NFTRegretDiary
· 10h ago
The shorts got squeezed again, acting out the same drama every time.
If you can't hold on, don't short it—it's like giving away money.
Inflation data is so conflicting; the Federal Reserve is really causing a fuss.
Feeling like 95,000 won't hold either; better wait and see.
Bitcoin breaks through $95,000: $590 million short positions wiped out, US inflation data becomes a turning point
【Crypto World】 Recently, Bitcoin staged an exciting short squeeze. The price surged above $95,000, and within 24 hours, approximately $591 million worth of short positions were forcibly liquidated, nearly half of which came from a major exchange.
The trigger for this rebound is quite interesting—US core inflation data came in below expectations, initially thought to boost Bitcoin’s price. But things are not that simple. The inflation rate fell to 2.7%, which is down but still above the Federal Reserve’s comfort zone. This means the market’s long-held expectation of an “early Fed rate cut” may need to be revised.
As a result, Bitcoin’s rally also hit a sharp pause. It has already retraced about 25% from its all-time high, reflecting investors’ cautious attitude towards future policy directions. Short-term volatility will depend on the Fed’s next move.