Bitcoin Pullback Amid Strong Job Data: A Bullish Setup Ahead? 👀
Bitcoin has retraced to the $95K support level following stronger-than-expected US job data, with JOLTS job openings surpassing forecasts. The risk-off sentiment triggered a sharp sell-off in risky assets, including Bitcoin, leading to $206 million in liquidations within an hour. Equities also faced pressure, with the Nasdaq and S&P 500 showing weakness.
Bitcoin ETF inflows dropped 94%, with BlackRock’s IBIT gaining $596.11m in contrast to significant outflows from ARK and 21Shares. Market focus now shifts to this week’s FOMC and NFP releases. Despite the current pullback, optimism surrounding Trump’s inauguration is expected to fuel a potential Bitcoin rally.
