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Bitcoin squeezes shorts in $108K spike as US jobs drop most in 2 years

The Cointelegraph ​

Cryptocoins News / The Cointelegraph ​ 12 Views

Bitcoin shorts are suddenly on the receiving end of punishment as a US employment data surprise injects fresh volatility into BTC price action.

Key points:

US private-sector jobs numbers declined more than 4% in June — the biggest drop since March 2023.

Bitcoin sees relief, building on a rebound which has begun to trap late short positions.

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