Post
Lishay_Era
The U.S. stock market just triggered a massive short squeeze—and crypto followed.
Cooling jobless claims and PPI strengthened rate-cut hopes, sending Treasury yields lower and forcing heavily shorted tech and storage names into aggressive covering.
The move then spilled into crypto:
$BTC and $ETH found support, with ETH showing stronger resilience from ETF flows.
Stock-linked tokens like $xSNDK and $xSPCX moved sharply higher, while small-cap memes mostly saw short-lived speculative pumps.
Disclaimer: OKX Orbit content is provided for informational purposes only. Learn more
Replies
No comments yet. Be the first to reply!
Trending crypto
BTC/USDTBitcoin
$86,726.6+0.03%
ETH/USDTEthereum
$2,749.59+0.02%
SOL/USDTSolana
$122.42+0.04%
Today’s market buzz
1#USNFPDataCools
Hot
2#BTCETHETFOutflows
3#USTreasuryYieldsSurge
