Fed pause + ETF inflows + short squeeze = crypto breakout — ride the bitcoin momentum
The job market just had its weakest month in years, which means the Federal Reserve is less likely to raise interest rates. That news sparked a massive wave of buying in crypto — pushing bitcoin above $62,000 and ending a long streak of money leaving crypto funds.
Idea
The June jobs report was shockingly weak — only 57,000 jobs added versus 115,000 expected — which immediately scaled back fears of Fed rate hikes (CNBC). Lower-for-longer rates are rocket fuel for risk assets like crypto because they reduce the opportunity cost of holding non-yielding assets. That macro shift triggered a short squeeze that pushed bitcoin toward $62,000 (CoinDesk), and institutional money returned in force — Bitcoin ETFs saw $221M in inflows, breaking a 10-day drought (CoinDesk). When macro tailwinds, momentum, and institutional flows all align on the same day, the setup favors continuation rather than reversal.
What happened since
| Symbol | Dir | T+1 | T+5 | T+20 |
|---|---|---|---|---|
| BTC | LONG | +0.88% ✓ | -0.47% ✗ | — |
| ETH | LONG | +1.24% ✓ | -0.89% ✗ | — |
Price change since publication · updated Jul 11