![Bitcoin nears K despite ‘hot’ PCE data sparking June rate hike bets Bitcoin nears K despite ‘hot’ PCE data sparking June rate hike bets](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-05/23c735af-0a4d-4699-a8a4-e8c9ef018b34.jpg)
Bitcoin (BTC) made snap gains at the May 26 Wall Street open as United States macroeconomic data delivered a nasty surprise. BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView Bitcoin shrugs off new…
![Bitcoin’s dive under K liquidates 0M — So why aren’t margin traders flipping bearish? Bitcoin’s dive under K liquidates 0M — So why aren’t margin traders flipping bearish?](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-05/2e83a798-bcd0-4f84-acf9-93911486ebbb.jpg)
Bitcoin’s price (BTC) broke below its 55-day support at $27,000 on May 12. In result, the two-day, 7% correction to $26,155 caused $100 million worth of long BTC futures contracts to be liquidated….