The pressure on the labor market has eased! Bitcoin surged up 62000 magnesium in one fell swoop, wit

The number of initial jobless claims announced by the United States yesterday was 233000, lower than the expected 241000, a decrease of 17000 compared to the previous value, marking the largest decline in nearly a year. After the data was released, it eased investors' concerns about the collapse of the labor market, driving global risk assets to rise. Bitcoin even broke through $62000 at one point, and the global cryptocurrency market value rose by more than 6%.

According to Coinglass data, in the past 24 hours, there have been approximately $220 million in net liquidation, with short positions accounting for approximately $158 million.

Chris Burniske, former head of Ark Invest's crypto business and current Placeholder VC partner, posted on X stating that market sentiment has reset and leverage has been cleaned up, with most high-quality crypto assets hitting much higher lows this round than we saw in 2023. Meanwhile, global central banks are about to be forced to relax policies, and market volatility is expected to intensify in the third quarter. Anyway, the current situation is a good early form of bull market.

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