Bitcoin’s $60K rebound just collapsed as $427M in long liquidations followed sticky inflation data

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Original Headline: Bitcoin’s $60K rebound just collapsed as $427M in long liquidations followed sticky inflation data

Rewritten Version: Bitcoin faced a sharp setback as it dipped near $58,189 after being propelled upward by a tight set of U.S. economic data. The release surrounding June 25 highlighted sticky inflation figures, robust demand, and a revised growth projection, all of which undermined support.

Surrounding News Content:
The latest figures revealed that despite optimism, the economy showed resilience amid inflationary pressures. Analysts noted that while BTC recovered partially, it failed to break through ceiling levels set by macro indicators. Trading resumed around $59,630, but on key metrics such as volatility and short selling, the sentiment remained cautiously optimistic.

Key Points Covered:
– The June 25 macro data bundle, including personal income, disposable income, PCE, and PCE real growth, reinforced challenges for risk assets.
– Recent order reports and earnings news showed mixed signals, with labor data easing some headwinds.
– The June 25 releases contributed to sticky price pushback, favoring sellers over buyers.

This analysis underscores how evolving economic data directly impacts market sentiment, testing the durability of recent upward moves.

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