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Hashmeta_x
GM ☀️
Weak jobs data. BTC longs still got liquidated. Why?
September NFP: +29K vs 84K–90K forecast.
Unemployment: 4.2%.
Wage growth: +3.0% YoY.
Revisions: −60K combined.
The data was bullish for risk assets on paper. $BTC spiked to 84,000. Over $326M liquidated, mostly longs.
The spike was the trap. Thin weekend liquidity meant the move up was driven by stops and momentum chasers, not real spot demand. Once it tagged $87K, sellers were waiting.
#USNFPDataCools
#BTCETHETFOutflows
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