EconomyBehind Bitcoin’s sudden resilience, a $2 billion cash surge wiped out speculative leverage
July PCE inflation matched expectations but remained above the Federal Reserve’s target, lifting September rate-hike odds to about 44%. Bitcoin reached $79,251.60 intraday. U.S.-traded spot Bitcoin ETFs absorbed roughly $2.23 billion during the move, while futures open interest fell 11%, pointing to cash demand and flushed leverage rather than newly built speculation.
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CryptoSlate★★☆☆☆2026-08-27 11:30Original
Behind Bitcoin’s sudden resilience, a $2 billion cash surge wiped out speculative leverage
Economy